Skip to main content

layoff

  • 0
    Toyota's drastic overhaul to reportedly replace 40% of management
    1242419220

    In an effort to slow the crash, Toyota Motor Corp. is undertaking a massive overhaul and management reorganization next month when Akio Toyoda takes over as president. Toyoda, the grandson of Toyota's founder, will be officially appointed on June 23 at the annual shareholder's meeting. With the new ...

  • 0
    REPORT: Largest American Axle plant to idle as work shifts to Mexico
    1241036940

    Blaming the current economic conditions and still wounded from a near-fatal labor strike, Detroit-based auto supplier American Axle & Manufacturing Inc. will reportedly lay off at least 500 workers at its largest plant and send the remaining jobs south of the border to Mexico. This time last ...

  • 0
    Maserati's North American CEO steps down... after less than one year?
    1240441200

    Marti Eulberg, CEO of Maserati North America, has left her position to "pursue other opportunities," the company announced today. Eulberg, a veteran of Ford and Jaguar, held the CEO position for less than a year after taking the position just last June. As it as been with most of the world's ...

  • 0
    REPORT: GM to shed 1,600 white-collar jobs by May 1
    1240241940

    According to General Motors spokesman Tom Wilkinson, the struggling automaker will shed 1,600 white-collar jobs by May 1 as part of its continuing restructuring efforts. The cuts, which are scheduled to begin this week, are part of a larger action to shed 3,400 white-collar jobs this year.Details ...

  • 0
    REPORT: BMW warns employees of looming pay cuts
    1237494480

    With 58,000 fewer new vehicles sold in 2008 and a net profit nearly 90 percent lower than it was in 2007, The Independent is reporting that BMW is cutting its board member bonuses by 40 percent. In addition, the balance of its 100,000 employees are facing pay cuts. The sales slowdown will also take ...

  • 0
    GM, Ford job cuts closing in on 50% in U.S. - Chrysler not far behind
    1234537080

    In 2002, General Motors had 177,000 employees in North America. By the end of 2008, that number had shrunk to 93,000, or 49% fewer employees than it had just six years earlier. GM plans to further cut its white collar workforce by 3,400 by May of this year, and the General is looking to cut 10,000 ...

  • 0
    REPORT: Nissan projects $2.9B loss, announces 20,000 job cuts
    1234193220

    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 ...

  • 0
    GM/UAW concession talks commence
    1231277580

    To ensure long-term viability, General Motors has pledged an arm and a leg (and maybe an eye) to satisfy conditions imposed by the federal government after the automaker received billions in taxpayer-funded loans. In addition to reducing debt and condensing the number and type of vehicles it ...

  • 0
    Auto industry crisis leads to job losses even at strong companies
    1229793840

    When the the Detroit automakers' financial crisis started getting more media coverage a couple of months ago, a study was released by the Center for Automotive Research estimating that the possible collapse of the industry could ultimately cost up to 3 million US jobs. That estimate is based on the ...

  • 0
    Mitsubishi set to idle Illinois plant for seven weeks
    1228914060

    Slumping sales have pushed Mitsubishi to schedule a production stoppage at their Normal, Illinois plant early next year for a period lasting more than 40 days. The facility, employing 1,568 workers, manufacturers both the Galant and Eclipse. When the assembly line lights go dark between ...

  • 0
    GM cuts shifts, output at three plants
    1228516260

    It's hardly unexpected given recent gloomy sales numbers, but General Motors announced today that they will be cutting shifts at several North American plants. Unfortunately, nearly 2,000 workers will lose their jobs in the process as GM eliminates its third shift to slow production and ease the ...

  • 0
    GM cuts 1,100 staff at Lordstown plant to meet slowing demand
    1226158920

    Click above for more high-res shots of the Chevy Cobalt SS
    Less than 2 months ago the headline here was GM ramps up Cobalt production to meet demand. It's amazing how quickly things change in this crazy environment. Just months after adding a third shift at the Lordstown, OH assembly plant where ...

  • 0
    Mercedes offers buyouts to all Alabama workers
    1225810680

    Nearly 4,000 employees of the Mercedes-Benz assembly plant in Vance, Alabama, are being offered buyouts in advance of another expected round of production cuts at the facility in January. The Vance plant produces the M-Class sport utility, R-Class crossover and GL-Class full-sized sport utility ...

  • 0
    Hyundai to slow production of Santa Fe, Sonata
    1224443940

    A 15-percent drop in Sonata sales since the beginning of 2008 is one reason Hyundai will idle its Alabama plant for 11 days between now and the end of the year (the near-2-percent drop in Santa Fe sales didn't help either). According to Hyundai Motor Company officials, the current sales slump and ...

  • 0
    Chevy to temporarily halt Vette production due to economy
    1221483660

    Click above for a high-res gallery of the 2009 Corvette ZR1 It's been more than a decade since the "recession-proof" Chevrolet Corvette had to endure a production cut due to excess dealer inventory, but that's apparently the case once again. Citing slow sales related to the ongoing automotive ...

  • 0
    Ford Australia boss calls it quits after job cuts
    1219429800

    After holding the title for just over six months, the President of Ford Australia has resigned and is moving to the United States to "fulfill a career dream." President Bill Osborne, who took the position only in February, insists his departure has nothing to do with the fact that the company just ...

  • 0
    GM to follow Ford and restructure its restructuring
    1212083940

    Following a slew of labor problems including the American Axle strike that cost an estimated $2 billion, General Motors is restructuring to accommodate the declining U.S. auto market. Following the lead of Ford and Chrysler, the move will likely include further cost cutting and layoffs, as ...

  • 0
    Ford firing letting go up to 12% of salaried workers
    1211993880

    Perhaps 'fired' is the wrong word, as that does imply that these white collar workers did something wrong. The only thing some 12% of Ford's salaried workforce did wrong is get hired by a company that dug itself into a hole relying on strong truck and SUV sales during the 1990s. Now, with consumers ...

  • 0
    Nissan cutting back North American design team
    1203597060

    It was late 2005 when Nissan announced it was packing up operations in Southern California and moving to Tennessee. If you didn't choose to move east of the Mississippi, and many didn't, you were looking elsewhere for a new job. Some of the lucky few who dodged the axe worked for Nissan Design ...

  • 0
    Nissan offering voluntary buyouts to all Tennessee plant workers
    1171988880

    Word has just come across the wire that Nissan will be offering a "voluntary transition program" to all of its hourly employees working in either its Smyrna or Dechard manufacturing plants in Tennessee. These are effectively buyouts, which can net an hourly worker a lump sum of $45,000 and a bonus ...

Loading

Loading
Autoblog iPhone App
Shop for a vehicle