Peugeot will eliminate an additional 1,500 French jobs by 2014, bringing the previously announced 8,000 layoffs close to 10,000, PSA managers told union representatives yesterday. (Read More…)
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Ford and Holden are laying off hundreds of workers at their Australian plants as sales of domestic brands continue to take a beating.
With their Washington overlords breathing down their necks, GM executives are pushing Opel for a definitive agreement to close Opel’s Bochum plant. According to the Wall Street Journal, GM “would like to be able to announce the plan before or along with its third-quarter earnings, which are expected to be disclosed Oct. 31.”
Keep smoking. (Read More…)
Volvo’s Chinese owners at Geely encounter something in Europe that is unheard of in China: A drop in car sales. Volvo has to cut production in Sweden by about 10 percent, and will let 200-300 contract workers go, Reuters says. (Read More…)
New panic at GM’s European Opel dependence: Opel needs to shed 30 percent of its workers. This is the supposed target of a “secret strategy” that has been agreed between Opel and GM, says BILD, Europe’s largest circulation newspaper under the headline “One out of three jobs imperiled!”
Based on an anonymous inside source, BILD writes about a three-step phased plan:
(Read More…)
GM’s troubled German daughter will close its main factory in Rüsselsheim and its component plant in Kaiserslautern for a total of four weeks in response to a drop in demand for cars in Europe. (Read More…)
The Japanese car industry found a way to soften the impact of the crushingly high yen on its books. It does what U.S. and European automakers have practiced for a long time: Import low-cost parts from abroad. It is a stop-gap measure while large parts of the Japanese car industry is packing. (Read More…)
Australians are unhappy with Ford. In January, Ford received more than A$34 million ($35 million) from Australian state and federal governments to guarantee local production until 2016. Today, Reuters reports that Ford will cut 440 jobs, or about 15 percent of its Australian workforce. (Read More…)
It’s been a long time coming, but PSA has finally done it; the parent company of Peugeot and Citroen is cutting 8,000 jobs and closing an assembly plant outside Paris, as the carmaker tries to cope with a sagging market and excess capacity.
Bloomberg is reporting that Peugeot may expand their job cuts in France, with the potential for 10 percent of their domestic warehouse to be cut.
Coda Automotive withdrew a Department of Energy loan application after two years of waiting. The $334 million loan was supposed to have gone towards establishing an assembly plant in Columbus, Ohio, but for now, production will continue in China.
GM has turned its Ellesmere Port plant into “a no-go area for media amid ongoing speculation over its future,” says The Guardian. Staff and suppliers have been told to avoid reporters. “Attempts to photograph Astras awaiting delivery at the site’s distribution centre prompt a visit from security guards who ask the Guardian to desist,” says the paper. (Read More…)
For the second time this year, Volkswagen is increasing headcount at its Chattanooga plant. After hiring 200 new workers in January, Volkswagen now created an additional 800 new jobs. (Read More…)
The line at Volkswagen’s Chattanooga plant will run a little faster. It will produce 35 cars instead of 31 per hour. That also produces new jobs. In an emailed statement, VWoA announced today that 200 new permanent jobs will be created at its Tennessee plant. (Read More…)
Ever since Steve Girsky an his “merry band of hatchet men” touched down in Rüsselsheim, Bertel has been warning that GM’s European division was about to embark on a serious cutting binge. But our worst fears, namely that Opel could go away entirely, have yet to be realized. Instead it seems that self-destructive mutilation will be attempted first, in order to stem the gushing red ink at Opel where at least €1b in losses are expected next year. Automotive News Europe [sub] reports that the first round of cuts will hit Opel’s Internationalen Technischen Entwicklungszentrum (ITEZ, “International Technical Development Center), as an IG Metall union document foresees some 1,420 product development position cuts (from a staff of some 6,000).
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