job cuts


REPORT: Nissan projects $2.9B loss, announces 20,000 job cuts

Nissan hasn't posted an annual loss in nine years, but the automaker is poised to take a big hit on its 2008 earnings, and like the rest of the industry, it is scrambling to restructure. The Japanese carmaker is expected to report a $2.9 billion shortfall, prompting Carlos Ghosn and his team to chop 20,000 jobs – fully 8.5 percent of its employees worldwide. Some of the job losses will be arrived at through early retirement packages and the ending of temporary worker contracts, but most will be out-and-out layoffs. The personnel cuts ... Read more →

Hertz so bad: Car rental agency to shed 4000 jobs Chris Shunk

Over the years, when automakers had trouble selling enough vehicles to keep assembly lines cranking, they sold the leftovers to rental car companies. Unfortunately, when the world is embroiled in a ...

Nissan cuts profit forecast by 66%, will cut workforce Chris Shunk

The entire auto industry is hurting right now, and financial news from Nissan today is the latest evidence to support that overused statement. Nissan announced that it's shifting profit forecast for ...

Ford meets salaried cuts Chris Shunk

For white collar workers that still work at the Ford Motor Company: congratulations, you've officially made the cut. Ford's President of the Americas, Mark Fields, announced at a media event that the ...

Chrysler cutting 1,000 white collar workers Chris Shunk

Chrysler is losing money by the truck-load, and its vehicles aren't selling, so common sense dictates that team Pentastar was going to start making cuts soon. That time is now, when Chrysler notified ...

More job cuts for Chrysler, white collars beware 2 years ago on Autoblog

Chrysler's deadline to hammer out a new contract with the UAW expires tomorrow. If common ground cannot be found by tomorrow morning at 11AM EST, the UAW could strike again. As if that weren't heavy enough news for the newly rebranded Chrysler LLC, it's being reported today that more job cuts are on ...

Ford Credit looking for its own Way Forward 3 years ago on Autoblog

The cutting and slashing continues over at FoMoCo's finance arm, Ford Motor Credit. On Tuesday they announced the closing of 59 offices within the U.S. and the elimination of 2,000 jobs from its 8,500 strong workforce in the United States and Canada. Additionally, the number of regional offices ...

Another 10,000 job cuts at Volkswagen? 3 years ago on Autoblog

Rumors brought to light by German newsmagazine Der Spiegel suggest that Volkswagen's job cuts at its western Germany factories may eventually total 30,000, 50 percent more than the 20,000 target currently on the table. Apparently, the cuts would be necessary to increase production efficiency for ...

Take the money and run - GM employees opting for buyout 3 years ago on Autoblog

It looks like General Motors will have no problem meeting its goal of cutting 30,000 jobs in the U.S., according to United Autombile Workers president Ron Gettelfinger. With about a week to go before GM's employee buyout offer expires, about 25,000 UAW members have signed up (around 22 percent of ...

Ford sends not-so-funny joke to fired worker 3 years ago on Autoblog

Michael Stawasz was one of 4,000 salaried workers at Ford who lost his job last January when the company launched its Way Forward restructuring plan. Stawasz was nine months short of his 30th anniversary with Ford, which meant he narrowly missed being able to retire with full benefits. About two ...






Autoblog Podcast #152: Paukert Enhanced!

Chris Paukert joins the usual crew of Chris, Sam, and Dan, summarily classing up the joint.

 
 

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