Jaguar to axe 1,150 jobs
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Hard-pressed luxury marque Jaguar says it will cut about 1,150 jobs at its main plant in Coventry in a bid to return to profits, in another blow to Britain&#39;s fading glory as a carmaking centre.
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Luxury carmaker Jaguar said Friday it was stopping assembly work at its headquarters and cutting 1,150 jobs as a result of overproduction and poor sales in the key U.S. market.
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Jaguar Cars said Friday it is cutting production at its three British plants because of poor sales of its luxury cars in the United States, the company's biggest market.
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LONDON (CBS.MW) - Ford Motor Co. on Friday is expected to announce its plans for its main Jaguar factory in the UK, which could include closing the factory.
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General Motors of Canada will cut about 1,100 jobs at a truck plant in Ontario amid slumping pickup sales, the company said.
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US car giant Ford is expected to tell Jaguar workers on Friday that it will close the firm's historic Coventry factory
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Peninsular &amp; Oriental Steam Navigation Co., the UK&#39;s largest ferry and ports operator, will trim its ferries fleet and cut 1,200 jobs, or a fifth of the unit&#39;s workforce, to stem losses.
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Ford Motor Co. raised its forecast for third-quarter earnings by 10 cents a share and said it would end unprofitable Jaguar car production at a Coventry, England, plant and pull out of Formula One racing.
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General Motors today announced that it is to axe up to 12,000 jobs in Europe over the next two years in a bid to reduce its annual costs by â¬500m (Â£340m).
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LONDON_Luxury carmaker Jaguar said Friday it was stopping assembly work at its headquarters and cutting 1,150 jobs as a result of overproduction and poor sales in the key U.S. market.
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About 1,000 jobs will go at Morgan Stanley as the US bank cuts back its home lending business.
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General Motors of Canada  will cut about 1,000 jobs at a truck plant in Oshawa, Ontario, in January amid slumping pick-up sales, the Globe and Mail newspaper said in its online edition on Thursday.
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Motorola Inc., the world's No. 2 maker  of cell phones, on Tuesday said it would cut 1,000 jobs in  three of its units as it puts its effort behind wireless  communications in an increasingly competitive market.
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Jaguar car workers have voted against strike action over plans to halt production at a British plant with the loss of more than 1,000 jobs, union leaders said.
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Morgan Stanley  on Wednesday said it will eliminate 1,000 jobs as it scales back its U.S. residential mortgage operations and closes its British residential mortgage lending business, Advantage Home Loans.
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Clothing group Peacocks announces it will create 1,300 jobs - 150 of them in Wales - after a rise in profits.
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British music label EMI said Tuesday it would axe 1,500-2,000 jobs following its takeover by a private equity firm as it faces up to a digital download revolution and slumping CD sales.