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job cuts

Chrysler Trimming Another 1,000
Chrysler Trimming Another 1,000

Chrysler is about to begin the third round of white-collar job cuts it has made in 18 months, announcing plans to eliminate about 1,000 salaried jobs worldwide. As the maker is primarily based in North America, most of the cutting will come at its global headquarters and technical center in the...Read More»

Stocks Down
Ford Offering More Buyouts

The word is "downsizing," but how far down will Ford go before it hits bottom? With sales of its light trucks drying up and assembly lines sitting idle, the automaker is launching another round of buyouts, part of its seemingly endless series of restructuring plans. Three years ago, the company had...Read More»

Henderson and Wagoner
More Big Cuts: Can GM Hang On?

Barely a month after announcing massive cuts, notably on the truck side of the business, General Motors today revealed a new plan aimed at coping with the "dramatic" rise in fuel prices and the steady downturn in the American auto market. The numerous steps outlined by GM CEO Rick Wagoner at the...Read More»

2003-hummer-h2-fording-ravine-v2.jpg
GM Announces Big Cuts in "Plan to Win"

Stay tuned all morning as we begin to deliver updates on the massive cuts General Motors is announcing. The automaker's CEO, Rick Wagoner, told employees early today that "Our plan is not a plan to survive. It is a plan to win." But can slashing costs, trimming thousands of jobs, and more get the...Read More»

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