Visteon Delays Employee Bonuses
16 Jul 2009, 08:45 UTC · By: Daniel Patrascu / Following the objection raised by Ford to its plans to award no less than $80.3 million in bonuses to employees, bankrupt part supplier Visteon announced it has delay plans to do so, for both employ...
Daimler Reaches Agreement with Its Employee Council
28 Apr 2009, 15:44 UTC · By: Daniel Patrascu / Following the release of the financial report for the first quarter of 2009, which indicated a total EBIT loss of 1,426 million euro, Daimler has turned to cost cutting measures to prevent another d...
Nearly 7,500 Employees Agree to Voluntarily Leave General Motors
27 Mar 2009, 08:05 UTC · By: Bogdan Popa / Following this week's announcement that General Motors will debut a job cutting schedule to reduce workforce and get back on track, nearly 7,500 employees agreed to voluntarily leave the compan...
Brawn GP Lays Off 275 Employees
26 Mar 2009, 15:36 UTC · By: Ovidiu Panzariu / Although Brawn Grand Prix managed to secure their first financial partnership for the 2009 Formula 1 season – with British clothing manufacturer Henri Lloyd – that didn't necessaril...