3000 jobs in doubt at car parts maker
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UP to 3000 workers face an uncertain Christmas after Melbourne-based auto parts maker Ion collapsed yesterday, weighed down by more than $300million in debt.
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Thousands of shell-shocked Volkswagen workers were meeting in the car park of their Brussels factory, the day after hearing that 4,000 of the 5,300 jobs at the plant will be lost, to plan their next moves.
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The joint venture has drawn concern that the imports could lead to job losses at Detroit-based manufacturers.
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But minor roadblocks won't stop the automaker's growth.
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Volkswagen enters a fresh round of talks with its workers on Tuesday but analysts say little headway is likely as unions protest against the carmaker's threats to axe more than 30,000 employees in Germany.
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The auto parts retailer remains strong despite slower than expected growth.
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Production of Jaguar cars is to end at one of its main UK factories, with the loss of 1,150 jobs. About 750 white collar workers and 400 production staff will lose their jobs at the Browns Lane site in Coventry
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DETROIT - Delphi Corp. Spokesman Brad Jackson said the company is not sure how cutting 8,500 jobs is going to impact the Limestone County Delphi Steering Systems plant.
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Volkswagen says it may need to slash 30,000 jobs if unions refuse to agree to pay freezes at next week's talks.
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The company cited "challenging market conditions" and customer uncertainty and said it would eliminate 3,500 more positions.
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General Motors Corp., the world&#39;s biggest carmaker, will cut as many as 12,000 jobs in Europe, almost a fifth of its workforce, after $3 billion in losses in the region in the past four years.
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The auto parts retailer turns to profitability but sees key sales effort fall below last year.
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WOLFSBURG, Germany : Around 4,000 workers at three factories of German car giant Volkswagen halted production for about an hour overnight in the first official warning strikes aimed at putting pressure on management in the deadlocked wage talks, unions
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General Motors Corp., the world&#39;s biggest carmaker, faced wider production cutbacks in Europe as a six-day protest against job-cut plans spread and a shortage of parts from Germany halted work at a Belgian car plant.
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When Thomas Haebich started working on the assembly line at Daimler-Benz AG two decades ago, he thought he had a job for life. But he no longer feels he can count on it.
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Carmakers expect 2008 to be challenging, but hundreds of automotive parts suppliers are anticipating the year ahead to be one of the ugliest ever.
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DaimlerChrysler is predicted to be on the verge of unveiling up to 10,000 job cuts at its struggling US Chrysler unit.