GM cuts 10,000 jobs in Germany
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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 cut its fourth-quarter production schedule by 10 percent as a tightening credit market caused sales at other major automakers to decline in August.
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LONDON, December 9  - General Motors Corp (XGM.NYS) plans to cut 9,500 jobs at its German unit, Adam Opel AG, as part of its efforts to reduce its significant losses in Europe.
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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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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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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 in the region, after $3 billion in losses in the past four years.
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General Motors Europe announced Thursday that it plans to cut 12,000 jobs on the continent by the end of 2006 in a plan aimed at saving &#36;617 million per year.
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The Ford Motor Company said today that it would cut 10,000 more salaried jobs, close two more factories and eliminate its stock dividend.
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General Motors Corp., the world&#39;s biggest carmaker, said Adam Opel AG division employees in Bochum, Germany, decided to end a seven-day wildcat strike against the company&#39;s job-cut plans in Europe.
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European aircraft maker Airbus announced 10,000 job cuts and a timetable for slashing its factory network Wednesday, in a bid to solve the crisis caused by problems with its A380 superjumbo jet.
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Germany&#39;s economic woes deepened as General Motors Corp. and KarstadtQuelle AG announced plans to cut as many as 15,000 jobs in Europe&#39;s largest economy.
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General Motors Corp.'s German division announced a deal Thursday that will allow the struggling automaker to cut thousands of jobs while avoiding forced layoffs and offering generous incentives for employees to leave.
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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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Airbus confirmed Wednesday that it will cut 10,000 jobs across its European operations as it struggled against a weak dollar and costly delays to its flagship A30 superjumbo.Comment
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A strike at a General Motors plant in Germany began to squeeze the company&#39;s European production Tuesday as a lack of parts halted two other factories, while thousands of
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European jet maker Airbus revealed plans on Wednesday to axe 10,000 jobs, nearly a fifth of its workforce, as part of a radical cost-cutting scheme to lift the company out of a financial crisis.
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General Motors Corp. GM.N will likely  cut some jobs in Europe and may close a plant there as part of  a restructuring plan under development to try to return the  region to profitability, the U.S. automaker said on Wednesday.