You always hear about Ford but never anyone else.
Business editor
MSNBC
Updated: 9:57 a.m. ET Nov. 22, 2005
News of massive jobs cuts at General Motors Corp. may temporarily remove the cloud of bankruptcy hovering over the world’s largest automaker, but stormy weather still lies ahead for the auto icon, analysts say.
GM said Monday it plans to cut 30,000 workers, or about 9 percent of its global work force of about 325,000 people. The job cuts — 5,000 more than expected — are part of an effort to slash $7 billion of expenses by next year, which includes closing nine North American assembly plants and three service and parts facilities.
Daimler plans to cut 6,000 office jobs
By Carter Dougherty International Herald Tribune
TUESDAY, JANUARY 24, 2006
Spreading the pain of job cuts beyond the auto factory floor, DaimlerChrysler announced on Tuesday that it would eliminate 6,000 administrative positions, mainly in Germany as its new chief executive, a veteran of heavy layoffs at its once-ailing U.S. division, made clear that there would be no taboos in his bid to reduce costs in Europe, too.
The reductions, to be carried out by the end of 2008, amount to 20 percent of the 30,000 people in management posts and areas like finance, human resources and strategic planning. The cuts should save DaimlerChrysler E1.5 billion, or $1.84 billion, a year once fully implemented, said the chief executive, Dieter Zetsche.
