Dana announces another 240 job cuts in Muskegon
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MUSKEGON, Mich. - Dana Corp. plans to close an iron foundry here by early August, eliminating 240 jobs, employees were told Wednesday.
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Automaker, unions agree to eliminate up to 12,000 workers to curb losses and save $665 million a year. By Ed Garsten / The Detroit News.
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DaimlerChrysler's (DCXGn.DE)  U.S. arm Chrysler will cut its production by around 90,000  units in the third quarter and around 135,000 in the second  half to try to reduce a glut of inventory, the company said on  Tuesday.
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Business News, DETROIT, General Motors Corp. and Ford Motor Co. said on Wednesday they would cut production more than expected after weak US sales in November, a move that analysts said could hurt profits.
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Ford Motor Credit, the financial arm of   Ford Motor Co. F.N on Thursday said it would cut 2,000 jobs   -- almost a quarter of its staff in North America -- and close   59 U.S. branch offices over the next year in order to cut   costs.
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Whirlpool Corp  said on Thursday it planned to close two refrigerator plants and cut about 1,250 jobs in a restructuring expected to cost $15 million to $20 million.
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Dana Corp. DCN.N said on Wednesday  it signed a long-term pact to outsource gray iron castings  production to Federal-Mogul Corp. FDMLQ.OB and will close its  foundry operations in Michigan, cutting 240 jobs.
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The mortgage lender IndyMac Bancorp said that it would cut its work force by 24 percent.
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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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Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and problems selling home loans to investors.
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Keane Inc. has notified Massachusetts officials that it plans to cut more than 26 percent of the jobs at its US headquarters in Boston over the next six months.
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TORONTO -- Nortel Networks gave details of a previously announced job cut program Thursday, saying it is cutting 950 jobs in Canada and 1,400 in the United States among a total of 3,250 to be eliminated by next June.
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Chrysler Group, the  struggling U.S. arm of DaimlerChrysler AG (DCXGn.DE), on  Wednesday said it would cut 13,000 jobs or 16 percent of its  work force in a bid to return to profitability by 2008.
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General Motors announced yesterday it planned to halt production at its aging Linden assembly plant in February and fire the factory&#39;s remaining 950 workers.
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DaimlerChrysler AG's DCXGn.DE U.S.   arm Chrysler is cutting production by 135,000 units in the   second half of 2006 to reduce a glut of unsold trucks and sport   utility vehicles after a failed summer sales effort, the   company said on Tuesday.
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The company said it would eliminate 275 jobs and slash direct mortgage lending to preserve cash after it was forced to cancel a $101.2 million rights offering.
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A Chicago outplacement firm says planned job cuts announced by employers hit an eight-month high of 107,863 in September. Challenger, Gray &amp; Christmas, in a report released Tuesday