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GM decides to pull the plug on Indonesian factory, cutting 500 jobs


General Motors, the largest US automaker and the third biggest in the world announced recently it decided to close its production operations at a local plant in Indonesia, ceasing output of locally manufactured GM-branded autos. The decision comes as the emerging market is dominated by Japanese brands and in the process it will also axe around 500 jobs, adding it will ...
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More restructuring articles

Report – Volkswagen AG could be planning truck division spin off
Germany’s VW AG, the largest automaker in Europe and the second biggest in the world, might be mulling a total restructuring process of its heavy trucks unit in order to ...
GM restructures India operation and evaluates car portfolio to boost sales
General Motors Co is restructuring its Indian operation and it is also evaluating its product portfolio, as it looks to revive falling sales and increase market share in the country, ...
Ford on schedule with European recovery plan
According to Alan Mulally, which is almost ready to retire as Ford’s CEO, the company is advancing as planned with its European unit, which should come out clean next year ...
Report – PSA seeks some pay reductions from workers
According to a person familiar with the matter, Europe’s second largest car manufacturer will ask French workers to cut overtime pay and accept more flexible working conditions in order to ...
Faurecia Might Close Eight Plants by 2017, Most of Them Located in Europe
According to an anonymous source Faurecia will close eight plants in the following four years, most of them located in Europe. Most of the facilities to be closed are located in ...
Ally and ResCap Reach Deal to Complete Restructuring
Ally Financial reached a deal with Residential Capital’s major creditors which would allow the company to complete its bankruptcy restructuring. This move is expected to allow the US Treasury, which still ...
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 ...
Peugeot’s Restructuring Plan Temporarily Suspended by Paris Court
PSA’s decision to cut 8,000 jobs in France has been temporary suspended by the Paris Court of Appeal. The ruling was made public today, January 29th, and state that the court ...
GM Plans Gradual Restructuring for Opel
GM announced it will choose a gradual restructuring for Opel despite rumored pressure from the French government for a more transformative alliance with PSA. Unlike its rival Ford Motor, which chose ...

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