Post Tagged with: "freeze"

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Report – Toyota mulling $1 billion Mexico factory

Report – Toyota mulling $1 billion Mexico factory

Even more reports are now surfacing about Toyota’s prospective production freeze end, with the largest automaker in the world reportedly ready to invest $1 billion to build a new car plant in Mexico. According to two persons that have first hand knowledge of the plans, the biggest Japanese carmaker is […]

BMW not confident about South African labor situation

BMW not confident about South African labor situation

Even though the strikes finally ended, the German automaker still considers the situation ‘inherently unstable’, and said it had no plans to undo the expansion stoppage. After car parts manufacturers settled on a three-year wage plan with the National Union of Metalworkers of South Africa (NUMSA) on Sunday, automakers announced […]

Opel Unions Refuse Wage Freeze in Germany

Opel Unions Refuse Wage Freeze in Germany

German trade union IG Metall said it refuses to accept GM’s demands to freeze wages for employees at its loss-making Opel division. “This would mean that Opel would not fulfill the industrywide wage hike [in Germany] on a sustained basis and effectively no longer be a part of the industrywide […]