Daimler axes 13,000 Chrysler jobs in major overhaul
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DETROIT/FRANKFURT  - DaimlerChrysler announced 13,000 job cuts at Chrysler on Wednesday and may part ways with its loss-making North-American arm, which would unwind a 1998 mega merger creating the world's fifth-biggest car maker.
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LONDON - British aerospace and defence giant BAE Systems announced plans to axe almost 1,400 jobs at 13 sites across Britain, in part due to a declining workload.
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General Motors (GM) is following through with plans to axe 12,000 jobs in the loss-making European division as the car giant bids to trim operating costs by Â£350 million-a-year.
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DaimlerChrysler AG (DCXGn.DE)   could lay off up to 16 percent of the workers in its North  American truck operations next year due to an expected downturn  in demand, the head of the automaker's truck operations said on  Monday.
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U.S.-German automaker DaimlerChrysler will hire 800 extra employees by the spring of 2005 at its Rastatt plant in Germany to produce the popular Mercedes A-Class compact car, the company said Thursday.
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German-US auto giant DaimlerChrysler will decide this year what to do with its loss-making Chrysler subsidiary.
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BOSTON -- IBM Corp. laid off 1,570 people Wednesday, primarily from an ongoing overhaul of operations in its giant technology services unit.
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DaimlerChrysler AG   could lay off up to 16 percent of the workers in its North American truck operations next year due to an expected downturn in demand, the head of the automaker's truck operations said on Monday.
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Bowing to pressure from federal safety regulators, DaimlerChrysler AG said Friday it is recalling 600,000 trucks and sport-utility vehicles, many of which were made in Delaware at the Durango plant.
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Volkswagen AG is threatening to eliminate 30,000 jobs ahead of next week&#39;s wage talks with unions as Europe&#39;s biggest carmaker seeks cost cuts similar to agreements reached by other German companies, including DaimlerChrysler AG.
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Pressured by foreign competitors and plagued by an oversupply of gas-guzzling trucks, Chrysler Group unveiled plans yesterday to cut 13,000 jobs and opened the door to speculation the company could be sold.
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DaimlerChrysler's plan to cut 13,000 jobs was greeted with shrugs of resignation by autoworkers who found the news far too familiar.
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General Motors (GM) plans to announce a massive restructuring Thursday that will eliminate as many as 12,000 jobs in Europe in a move to stem the five-year flow of red ink from its auto operations in the region.
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FRANKFURT, Germany -- Automaker Daimler AG posted its first quarterly loss since 2003, with charges of $3.7 billion from the sale of Chrysler offsetting big gains by its Mercedes-Benz Car Group.
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Bayerische Motoren Werke will cut spending by 6 billion euros ($8.5 billion) over five years and change senior management after losing ground to the Mercedes Car Group of DaimlerChrysler.
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DaimlerChrysler said Tuesday that strong demand should create some 4,000 new jobs in its commercial vehicles division by the end of the year &#151; including 3,000 jobs in Portland, Ore.
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German-US auto giant DaimlerChrysler said it planned to axe 13,000 jobs at its loss-making Chrysler subsidiary as part of a broad restructuring plan aimed at returning the US unit to profitability by 2008.