Tag: layoffs

Nissan Cutting 700 Workers, Blames Slow Titan Sales

Adding to company woes brought on by the Carlos Ghosn scandal, Nissan has announced plans to lay off nearly 700 contract workers at its truck and van manufacturing facility in Mississippi. The shifts affected are responsible for making the Titan, Frontier, and NV line of vans. While Frontier sales are relatively steady, both Titan and […]

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Blame China: Jaguar Land Rover Layoffs Won’t Be Exclusive to Europe

On Thursday, Jaguar Land Rover was reported to be in the midst of a plan that would eventually lay off roughly 10 percent of its UK workforce — roughly 4,500 employees. Considering the company has been forced to endure waning demand for sedans and just about everything with a diesel engine, a bit of restructuring was […]

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Here Come Ford’s Layoffs: Automaker Outlines Its Euro Restructuring Plan

On Thursday, Ford announced preliminary details of a plan that will ultimately erase thousands of European jobs in an attempt to return the business to profitability. The decision comes after several reports indicated the automaker’s restructuring program will be particularly hard on the region. The plan now officially includes a slimmer product lineup, which is […]

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It Begins: Ford Restructuring Ends Production at Blanquefort Plant in France

As part of Ford’s massive restructuring plan, which is said to focus primarily on its European assets, the automaker will end assembly at its Blanquefort transmission plant in France next year. Its 850 employees will now have to find gainful employment elsewhere by August. However, there was a brief glimmer of hope after transmission supplier Punch Powerglide (encouraged […]

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Ford Launches Phase One of Its Restructuring Plan; Changes Target Money-losing European Arm

Ford Europe announced it had shuffled its leadership on Friday as part of a larger restructuring plan, appointing executives in Germany and the United Kingdom to oversee “Sprint to 6 Reset and Redesign.” The strategy seeks to achieve a 6 percent EBIT (earnings before interest and taxes) margin, investing only in products and services that it believes best […]

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Damage Control: GM Attempts to Smooth Things Over in Washington

General Motors’ restructuring plan has placed it under heavy fire. As it turns out, domestic job cuts and factory closings aren’t all that popular on Capitol Hill or in middle America, especially when a company appears financially healthy. Go figure. Hoping to mitigate the social damage that’s only guaranteed to escalate next year, GM CEO […]

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25k or No? Ford CEO Discounts Job Loss Claims

Earlier this week we mentioned that Ford’s restructuring plan might closely mimic General Motors’ strategy — resulting in widespread job losses. That theory was backed by an analysis from Morgan Stanley, which presumed the Dearborn-based automaker is likely to surpass GM in terms of layoffs, based on how much each intends to free up. Back […]

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Ford Running Out of Focus Sedans; What About Jobs?

Ford’s decision to abandon sedans and non-utility hatchbacks is quickly coming to a head. While the choice rubbed many of us the wrong way, we attempted to view the situation through the lens of business and urged everyone not to panic if they wanted to purchase a Fusion or Focus sedan before they were all […]

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Jam City lays off a number of game developers

Fresh off the acquisition of two games, casual game publisher Jam City laid off a number of employees on Friday. It isn’t clear yet how many lost their jobs, but one source, who asked not to be identified, said about 100 people were laid off, including about 60 percent of the San Francisco studio. On […]

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Everyone Who’s Not a Shareholder Is Reportedly Angry Over GM’s Decision to Slash Jobs

The big news this week is General Motors’ decision to cull its lineup, closing plants and sacking about 15 percent of its North American workforce in the process. According to Chief Executive Officer Mary Barra, GM’s official reasons for doing so are all part of its grand plan to transition to a company focused on […]

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How Do Automakers Plan to Cope With Their Upcoming Nightmare?

On Wednesday, we reported General Motors’ plan to buy out salaried employees as part of a long-term cost-cutting strategy, with further reductions in headcount looking likely. Despite its healthy profits, GM knows industry forecasters predict a period of economic hardship and continuously dwindling car sales. OEMs need as much money as they can cling to […]

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GM Offers Buyout to 18,000 Salaried Employees

Wednesday morning, General Motors announced third-quarter 2018 earnings “reflecting profitability in all core operating segments.” Operating profits were at $2.5 billion, with North American profit margins hovering around 10.2 percent thanks to healthy truck sales. All in all, things were looking pretty good. Then GM announced a plan to extend buyouts to salaried employees in the […]

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