Tag: cost-cutting

Report: Amid Cost-cutting Spree, GM Looked at Unloading Its Global HQ

<img data-attachment-id="920082" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2014/09/GM-Renaissance-Center.jpg" data-orig-size="627,417" data-comments-opened="1" data-image-meta="{"aperture":"4","credit":"GM","camera":"NIKON D3","caption":"The General Motors headquarters at the Renaissance Center in Detroit, Michigan following the close of trading on the new GM's first day as a public company Thursday, November 18, 2010. (Photo by Steve Fecht for General Motors)","created_timestamp":"1290100109","copyright":"\u00a9 2010 Steve Fecht\/General Motors. This image is protected by copyright but […]

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Hackett’s Axe Falls in Earnest As Ford Announces 7,000 Salaried Cuts

The steep white-collar job cuts that simmered on Ford’s back burner for a year have come into clear focus. In a letter to employees on Monday, CEO Jim Hackett announced the elimination of 7,000 salaried positions — some 10 percent of the automaker’s global workforce. The move, part of Ford’s $11 billion restructuring plan, also […]

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