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Job cuts: Magna to cut in Europe and U.S.


Magna International Inc., one of the largest automobile parts manufacturer in North America by sales plans to cut jobs in Europe and the United States as demand of car parts is slowing down in Europe more than expected, CEO Donald Walker told reporters in Germany. "We certainly need to make adjustments. We are working our best to establish a global presence ...
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Fisker’s Decision to Cut Jobs Drew Political Criticism
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GM Holden Cuts 500 Jobs in Australia On High Currency
GM Holden announced it will cut 500 jobs or 18% of its workforce in Australia, due to the dollar strength which made the automaker unable to compete with foreign car ...
Renault gets approval from third labor union for job cuts
Renault gained the backing of a third labor union to implement its restructuring plan which involves eliminating 7,500 jobs and freezing wages. “We agreed to sign the deal,” Fred Dijoux, the ...
Caterpillar to Cut 1,400 Jobs in Belgium
Caterpillar plans to cut 1,400 jobs at its plant near Charleroi, Belgium, due to weak European economy and high costs. The Gosselies plant, located near Charleroi, is one of Caterpillar’s largest ...
Volvo announces 1,000 new layoffs for 2013
Volvo Car Corporation announced on Wednesday it would cut about 1,000 jobs and slash $237 million in costs by the end of this year. The Swedish automaker wants to reverse recent ...
Honda to Cut Jobs in the UK
As the European market shows no sign of recovery, Honda announced it will cut jobs in the UK market. Analysts believe that Honda’s problems are not solely caused by the European ...
PSA Peugeot Citroen transfers half of Aulnay plant’s workforce to Poissy
PSA Peugeot Citroen convinced its employees to close the Aulnay plant earlier than scheduled, by moving half of the workforce to the Poissy plant. The French carmaker's restructuring measures have divided ...
Daimler Trucks to cut 2,100 jobs in the U.S. and Germany
Daimler AG, the world’s largest truckmaker, plans to cut as many as 2,100 jobs at its commercial-vehicles unit in order to improve profitability. Daimler is negotiating with the United Auto Workers ...
Report: Goodyear to close plant in northern France
Tyre maker Goodyear is preparing to shut down a French plant that employs 1,250 workers near the northern city of Amiens. According to a French government official quoted by French newspaper ...

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