Chrysler Trying to Figure Out How to Repay Government Loans May 17, 2011 No Comments on Chrysler Trying to Figure Out How to Repay Government Loans Post View 0 Chrysler owes more than $7 billion to the US government due to a much-publicized round of auto industry bailouts. In order to meet their repayment…
GM to Cut 47,000 Jobs February 18, 2009 No Comments on GM to Cut 47,000 Jobs Post View 0 General Motors says it needs to cut nearly 20,000 jobs in the US and a total of 47,000 worldwide, and receive an additional $18 billion…
Update: GM Cutting 10,000 Jobs, Reducing Pay February 10, 2009 No Comments on Update: GM Cutting 10,000 Jobs, Reducing Pay Post View 0 General Motors, the largest US automaker, will cut 10,000 salaried jobs globally, and reduce pay by as much as 10% to prove its viability to…
GM to Cut White Collars; No Buyouts February 9, 2009 No Comments on GM to Cut White Collars; No Buyouts Post View 0 As General Motors prepares to cut thousands of white-collar workers, the automaker will not offer the voluntary buyout packages that have been customary in previous…
GM to Eliminate Shifts, 2,000 Jobs January 26, 2009 No Comments on GM to Eliminate Shifts, 2,000 Jobs Post View 0 General Motors plans to eliminate shifts in Q2 at plants in Ohio and Michigan, shedding about 2,000 jobs. It will also cut production at 13…