GM to cut a third of German workforce
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General Motors yesterday reached an agreement to slash nearly a third of its German workforce in a government-supported deal that could cost the US carmaker about $1 billion (Â¤750,824 million).
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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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General Motors Corp., the world&#39;s biggest carmaker, will save 500 million euros ($664 million) annually at its unprofitable European unit after reaching an agreement with unions to cut 11,500 jobs and reorganize.
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General Motors will cut around 10,000 jobs in Europe in a drive to save some 500 million euros (&#36;613.4 million) a year and return its loss-making operations there to profit, a company source said on Wednesday.
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General Motors&#39; loss-making European division is to cut 12,000 jobs in a bid to save $665m (Â£347m) annually. The redundancies will affect a fifth of its workforce, with 10,000 positions going at Opel plants in Germany.
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General Motors Europe announced yesterday that it will cut 12,000 jobs on the continent by the end of 2006 in a plan aimed at saving US$617 million per year.
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General Motors Corp. on Tuesday said it  will lay off about 950 workers at its Linden, New Jersey, truck  plant early next year and cease production of the two sport  utility vehicles manufactured at the facility.
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General Motors is reviewing its European operations as it aims to trim costs in the loss-making division. The US car maker said production could be reduced but dismissed reports it had already decided to cut 3,000 jobs.
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European employees of the auto giant General Motors are set to step up protests on Tuesday at the company's plans to cut 12,000 jobs.
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Workers at Opel auto plants in Bochum walked out Thursday as soon as the parent company, General Motors, announced it was cutting 10,000 jobs in Germany.
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Germany will bear the brunt of the approximately 12,000 job losses, but the company will stop short of immediate factory closures, GM sources said.
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US auto giant General Motors has decided to shut down one of its two mid-size car-making plants in Europe next year, a decision that could force its subsidiary Saab to close operations in Sweden and slash 6,300 jobs, the Swedish metalworkers' union said.
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General Motors' European unit is to cut 10,000 jobs in Germany as part of a plan to save  $665m (Â£347m) annually.
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Workers at a General Motors' plant in Germany vote to end a strike over job cuts which has hit production elsewhere.
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General Motors Corp. on Tuesday said it will lay off about 950 workers at its Linden, New Jersey, truck plant early next year and cease production of the two sport utility vehicles manufactured at the facility.
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General Motors Corp. GM.N will cut  about 900 jobs early next year at a pickup truck plant in  Pontiac, Michigan, in a move underscoring sagging demand for  some of its most profitable vehicles.
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LONDON  - General Motors denied a newspaper report Wednesday that said it plans to cut 3,000 jobs in Europe to offset losses in its operations across the region.