Porsche wants to cut jobs, extend working hours
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Porsche, the German maker of luxury sports cars, wants to extend working hours and cut jobs, its chairman said in a newspaper interview at a time when other car makers in Germany are also drastically reducing their workforce in an attempt to drive down costs.
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Porsche, the German maker of luxury sports cars, revised upwards Monday its figures for earnings in the six-month period to January.
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DETROIT -- Ford Motor Co.ÃÂ ÃÂ Ford Motor Co. said Friday that it plans to cut 10,000 more salaried jobs, offer buyouts to all hourly workers and shut down two more plants as part of a dramatic restructuring plan designed to rein in expenses and restore the struggling automaker to profitability.
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Two of Europe's biggest car-makers, Volkswagen and Opel, will this week open the latest front in German industry's battle to slash costs, secure longer working hours and impose more flexible conditions -- or ...
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The decision strikes down one of Europeâs most visible symbols of protectionism and clears the way for Porsche to take control of Volkswagen, Europeâs largest automaker.
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The head of VW's workers' council said in an interview published Monday he wanted assurances that luxury car maker Porsche would respect contract agreements and preserve jobs if it bought the European auto giant.
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German luxury sports car maker Porsche is trying to boost its stake in Europe&#39;s biggest automaker Volkswagen to acquire majority control, German media reported Sunday citing unnamed sources.
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France's Prime Minister outlines plans to extend the controversial 35-hour working week.
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Toyota may provide hybrid technology for Porsche.
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Volkswagen AG, the world&#39;s fourth  largest carmaker, plans to cut more than a quarter of its U.S.  staff as it moves its local headquarters from Detroit, it said  on Thursday.
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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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DaimlerChrysler AG's (DCXGn.DE)  Chrysler Group plans to cut more than 10,000 factory jobs and  close at least two plants to return the U.S-based unit to  profitability, the Detroit News said on Monday.
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Representatives from Volkswagen AG and Germany's biggest industrial union said Friday they had agreed to increase working hours at plants in western Germany by more than four hours a week to 33 hours without ...Comment
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German sports car maker Porsche's  stake of almost 30 percent in Volkswagen  is enough to assert its interests in Europe's biggest carmaker, Porsche's chief executive told a German newspaper.
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German financial markets are rife with speculation that Porsche intends to take over Volkswagen, and Porsche is acting as if it already calls the shots.
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4,000 Volkswagen employees yesterday staged strikes against plans by the car manufacturer to freeze wages for two years. Volkswagen says it needs to cut costs because of competition from low-cost rivals, and
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Troubled German car maker Opel, a unit of General Motors, is planning to extend the working week for employees from 35 to 40 hours without any corresponding rise in pay, the mass-circulation daily Bild reported.