UAW chief says "jobs bank" issue less pressing
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The United Auto Workers (UAW) union has already taken steps to help turn around Detroit's Big Three automakers, the UAW president said on Thursday, just over a week before the expiration of its contract with the companies.
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Manufacturing in the United States expanded less last month than forecast as factories cut payrolls and reduced inventories, contributing to a slowdown in the economy, according to a report released Monday.
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Eduardo Castro-Wright, head of  Wal-Mart's U.S. operations, said the retailer is looking to  improve its returns by building fewer stores and stores that  are smaller.
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General Motors Corp. GM.N, in the  midst of reassessing its unprofitable European operations, is  not ruling out closing a plant there and is likely to cut some  jobs, a GM spokesman said on Wednesday.
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Bank of America has an option to cut at least 4,500 jobs while reorganizing its structure. This is not the first time when the bank reduces jobs.
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Bank of America Corp , the second-largest U.S. bank, on Wednesday said it plans to eliminate 3,000 jobs, and that the head of its corporate and investment banking unit will depart after a dismal quarter led to a 32 percent drop in quarterly profit.
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The head of United Airlines parent UAL  Corp. said on Thursday the airline's restructuring plan would  lead to a significant number of job losses, but it was not yet  clear how many.
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Ford Motor Co. Chief Executive Alan Mulally said on Tuesday that the U.S. economy is "clearly a concern" and the automaker will cut production as needed if market demand for vehicles weakened.
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At a time when Detroit's Big Three are pushing to slash labor costs, Toyota sees no need to rein in wages and benefits.
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The head of United said today the airline's restructuring plan would lead to a significant number of job losses, but it was not clear how many.
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Chrysler LLC has a realistic business plan in place and hopes to avoid future buyouts or other downsizing because of U.S. economic woes, the company's president said on Tuesday.
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CEO James Balsillie doesn't seem too worried about the long term effects from the company's recent 3-hour outage this week.
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Ford Motor Co. Chief Executive Alan  Mulally said on Tuesday that the U.S. economy is "clearly a  concern" and the automaker will cut production as needed if  market demand for vehicles weakened.
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The pace of job creation picked up modestly in August and the unemployment rate edged down, the Labor Dept. said.
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Detroit&#39;s Big Three automakers are  &quot;posturing&quot; when they say they need a $30 reduction in hourly  wages and benefits as they try to return to profitability, the  United Auto Workers union president said on Friday.
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The United Auto Workers union has told  local UAW leaders to &quot;stand still&quot; for another update at 11  p.m. ET on ongoing negotiations with General Motors Corp  , a local UAW official told Reuters on Friday.
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General Motors Corp. Chief Executive Richard Wagoner said the auto maker has no definite plans to trim its labor force in the coming months.