Post Tagged with: "restructuring plan"

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Volvo Plans to Implement a $780M Restructuring Plan

Volvo Plans to Implement a $780M Restructuring Plan

Volvo recently announced its plans to invest $780 million in the following two years, part of its restructuring plan. “The programme encompasses both reduction of white collar employees and consultants and efficiency enhancements in the global industrial system,” the company wrote in a statement. The automaker did not say how […]

Three Labor Unions Agreed With Renault’s Restructuring Plan

Three Labor Unions Agreed With Renault’s Restructuring Plan

Three labor unions signed deals with Renault allowing the automaker to proceed with its restructuring plan. The agreement is “exemplary because it’s a consensual one, signed by organizations representing more than two-thirds of the employees in a country that is more used to arm wrestling with unions,” Chief Executive Officer […]

Report: Opel’s new CEO will stick to restructuring plan

Report: Opel’s new CEO will stick to restructuring plan

Opel’s new CEO Karl-Thomas Neumann backs the carmaker’s restructuring plan. According to a report from Automobilwoche cited by Automotive News Europe, the former VW executive has seen the Drive 2022 plan and wants to implement it without major changes. Opel contributed the most to parent General Motors’ $1.8 billion operating […]

Volvo announces 1,000 new layoffs for 2013

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 losses caused by weak sales in Europe. Volvo CEO Hakan Samuelsson told Swedish public television SVT that 1,000 consultants […]

Lancia Will Be No More

Lancia Will Be No More

Today, November 2nd, Marchionne announced in a teleconference the end of Lancia. This is part of Marchionne’s restructuring plan and it includes a complete change of Fiat’s brand and model strategy. Besides the fact that he will give up on Lancia, Marchionne also plans to make Alfa Romeo and Maserati […]

Fiat Postpones Plans to Acquire Chrysler

Fiat Postpones Plans to Acquire Chrysler

Marchionne decided to retool Fiat’s troubled European operations to avoid closing plants, and therefore postpone his plans to acquire the rest of Chrysler. “Building things is a lot more exciting than retrenching into defeat,” Marchionne told analysts and reporters during a conference call Tuesday. “I think we need to come […]