Wednesday, March 19th, 2008
By Kevin Krolicki
DETROIT (Reuters) - Ford Motor Co said on Monday it would eliminate shifts at four U.S. plants and lay off some 2,500 workers — or almost 5 percent of its remaining work force — as part of an effort to cut costs and return to profitability next year.
The layoffs [...]
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Wednesday, March 19th, 2008
(Adds details, background, byline)
By Kevin Krolicki
DETROIT, March 3 (Reuters) - Ford Motor Co (F.N: Quote, Profile, Research) said on
Monday it would eliminate shifts at four U.S. plants and lay
off some 2,500 workers — or almost 5 percent of its remaining
work force — as part of an effort to [...]
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Wednesday, March 19th, 2008
(Recasts, adds response from Chrysler, background)
CHICAGO, Feb 28 (Reuters) - The Canadian Auto Workers
called a strike on Thursday at a TRW Automotive Holdings Corp
(TRW.N: Quote, Profile, Research) plant that supplies parts for Chrysler minivans, the
second walkout by union workers at a North American parts maker
this week.
Chrysler said production [...]
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Wednesday, March 19th, 2008
(Adds detail, background, byline)
By Kevin Krolicki
DETROIT, Feb 27 (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research)
plans to idle a Pontiac, Michigan, truck assembly plant on
Thursday because of a strike against American Axle %26amp;
Manufacturing Inc (AXL.N: Quote, Profile, Research), a key supplier, a person familiar
with the matter said.
[...]
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Wednesday, March 19th, 2008
By Kevin Krolicki
DETROIT (Reuters) - General Motors Corp plans to idle a Pontiac, Michigan, truck assembly plant on Thursday because of a strike against American Axle %26amp; Manufacturing Inc, a key supplier, a person familiar with the matter said.
GM will stop production at the plant where it makes the Chevrolet Silverado [...]
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Saturday, February 23rd, 2008
By Ben Klayman
DETROIT (Reuters) - Chrysler LLC said on Monday it is offering buyouts of up to $100,000 each to hourly workers at 12 of its Detroit-area facilities as part of its November plan to eliminate up to 10,000 unionized jobs.
The offer will be extended to about 14,000 workers represented by [...]
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Thursday, February 21st, 2008
Corrects date cost savings will be achieved in 1st paragraph
DETROIT (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research) told analysts on Thursday that it expected to cut annual U.S. labor costs by $5 billion by 2011 and increase its revenues in all regions during 2008.
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Thursday, February 21st, 2008
(Corrects date cost savings will be achieved in 1st paragraph)
(Adds details on costs savings, projections for ‘09,’10)
DETROIT, Jan 17 (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research) told
analysts on Thursday that it expected to cut annual U.S. labor
costs by $5 billion by 2011 and increase its revenues in all
regions [...]
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Wednesday, February 13th, 2008
GM;S Wagoner Sees Revival in Overseas Sales Growth, U.S. Gain
By Jeff Green and Greg Bensinger
Feb. 13 (Bloomberg) — General Motors Corp. Chief Executive
Officer Rick Wagoner said his recovery plan is working, even as
the world;s largest automaker reported the biggest [...]
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Wednesday, February 13th, 2008
GM Enhances Buyout Offers to 74,000 Union Workers (Update4)
By Greg Bensinger and Jeff Green
Feb. 12 (Bloomberg) — General Motors Corp. is increasing
buyout offers for its most senior U.S. workers to as much as
$62,500, encouraging more of its 74,000 union [...]
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