Tag: layoffs

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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Ford Plans to Cut More UK Jobs in European Restructuring

<img data-attachment-id="1497705" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2017/01/cq5dam.web_.1024.768-1-e1485355632201.jpeg" data-orig-size="1024,634" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="Ford badge emblem logo" data-image-description=" Image: Ford Motor Co. ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/01/cq5dam.web_.1024.768-1-e1485355632201-450×279.jpeg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/01/cq5dam.web_.1024.768-1-e1485355632201-610×378.jpeg” class=”aligncenter size-large wp-image-1497705″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/01/cq5dam.web_.1024.768-1-e1485355632201-610×378.jpeg” alt=”Ford badge emblem logo” width=”610″ height=”378″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/01/cq5dam.web_.1024.768-1-e1485355632201-610×378.jpeg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/01/cq5dam.web_.1024.768-1-e1485355632201-75×46.jpeg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/01/cq5dam.web_.1024.768-1-e1485355632201-450×279.jpeg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/01/cq5dam.web_.1024.768-1-e1485355632201-768×476.jpeg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/01/cq5dam.web_.1024.768-1-e1485355632201-120×74.jpeg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/01/cq5dam.web_.1024.768-1-e1485355632201.jpeg 1024w” sizes=”(max-width: 610px) 100vw, 610px”> Having already announced plans to cut thousands of jobs in […]

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Fiat Chrysler’s Windsor Minivan Plant to Cut Third Shift, Shed 1,500 Jobs As Canada’s Auto Sector Grows Increasingly Shaky

<img data-attachment-id="1451410" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2016/11/FCA-Windsor-minivan-assembly-Dodge-Grand-Caravan-2011-1-e1485972894502.jpg" data-orig-size="1351,899" data-comments-opened="1" data-image-meta="{"aperture":"5.6","credit":"Jerry S. Mendoza","camera":"Canon EOS REBEL T2i","caption":"","created_timestamp":"1295293196","copyright":"313.530.6333","focal_length":"24","iso":"800","shutter_speed":"0.011111111111111","title":"","orientation":"1"}" data-image-title="FCA Windsor minivan assembly Dodge Grand Caravan 2011" data-image-description=" Image: FCA ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2016/11/FCA-Windsor-minivan-assembly-Dodge-Grand-Caravan-2011-1-e1485972894502-450×299.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2016/11/FCA-Windsor-minivan-assembly-Dodge-Grand-Caravan-2011-1-e1485972894502-610×406.jpg” class=”aligncenter wp-image-1451410 size-large” src=”https://www.thetruthaboutcars.com/wp-content/uploads/2016/11/FCA-Windsor-minivan-assembly-Dodge-Grand-Caravan-2011-1-e1485972894502-610×406.jpg” alt=”FCA Windsor minivan assembly Dodge Grand Caravan 2011 – Image: FCA” width=”610″ height=”406″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2016/11/FCA-Windsor-minivan-assembly-Dodge-Grand-Caravan-2011-1-e1485972894502-610×406.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2016/11/FCA-Windsor-minivan-assembly-Dodge-Grand-Caravan-2011-1-e1485972894502-75×50.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2016/11/FCA-Windsor-minivan-assembly-Dodge-Grand-Caravan-2011-1-e1485972894502-450×299.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2016/11/FCA-Windsor-minivan-assembly-Dodge-Grand-Caravan-2011-1-e1485972894502-768×511.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2016/11/FCA-Windsor-minivan-assembly-Dodge-Grand-Caravan-2011-1-e1485972894502-120×80.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2016/11/FCA-Windsor-minivan-assembly-Dodge-Grand-Caravan-2011-1-e1485972894502.jpg 1351w” […]

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Greener, but Leaner: It’s Volkswagen’s Turn to Cut Jobs

<img data-attachment-id="1656306" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6.jpg" data-orig-size="980,600" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="2020 Volkswagen Passat 6" data-image-description=" vw ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6-450×276.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6-610×373.jpg” class=”aligncenter size-large wp-image-1656306″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6-610×373.jpg” alt width=”610″ height=”373″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6-610×373.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6-75×46.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6-450×276.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6-768×470.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6-120×73.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6.jpg 980w” sizes=”(max-width: 610px) 100vw, 610px”> Volkswagen Group just announced a restructuring plan aimed at raising the company’s operating margin to 6 […]

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Valve loses VR engineers in recent layoff

Thirteen employees at Valve Corporation were let go recently, including people working in VR. Images leaked late last year show what appeared to be a Valve-built VR headset. We heard from sources at the time the plan was to ship the headset early this year, potentially with a Half Life prequel game. We don’t know if those […]

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Tesla Announced Layoffs to Public Before Telling Employees: Report

On Thursday, Tesla announced it will finally begin delivering the Model 3’s long-awaited base trim to the public through direct online sales. By eliminating storefronts, the automaker believes it can reduce costs — helping to get that pesky profit situation under control. Unfortunately, reports have emerged that claim those employees had no idea their jobs […]

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ArenaNet confirms that it is laying off staff

Guild Wars and Guild Wars 2 developer ArenaNet is cutting an unspecified number of jobs. The company confirmed the layoffs and said it has recently cancelled a project. ArenaNet is restructuring now that it is no longer working on that new game. The studio also confirmed that the restructuring extends to its parent company, South […]

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Extreme Vitriol: Unifor Squares Off With Ontario, Receives Support From Veteran Rockstar

The Ontario government isn’t pleased with Unifor’s handling of General Motors’ decision to close Oshawa Car Assembly. Like the UAW, Canada’s autoworker union has been extremely vocal in its opposition to GM’s restructuring plan. Over the last few months Unifor members have picketed, held multiple rallies, protested the automaker during the North American International Auto Show, […]

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Activision Blizzard is reportedly planning hundreds of layoffs

The video game industry isn’t done with its bad news, it seems. Bloomberg reported that Activision Blizzard plans to lay off hundreds of people in a restructuring aimed at centralizing functions and boosting profits. The Santa Monica, California-based company is one of the largest companies in the global game business, but it has hit a […]

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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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