Though the beleaguered Saab is battling all manner of setbacks as it tries to secure the future of its operations, some good news has arrived for 49 of Saab’s Trollhättan employees.

After announcing that 750 jobs would need to be cut, Saab has emerged from labour union negotiations with a smaller list of positions to be [...]

• 
• Comment
• Read More

Honda has already taken a tight grip of its purse strings in recent months, in the process killing off the keenly-awaited NSX successor as well as its Formula 1 program.

With the big budget items gone, Honda has now turned its cost-cutting attention to the places it will hurt most.

In North America Honda will reduce annual [...]

• 
• Comment
• Read More

With stalling sales and an impending separation from General Motors, coupled with a blockade on supplier parts into the company, Saab has been forced to lay off 750 workers from its Swedish operations.

Affecting workers at the Trollhattan assembly plant, which builds the 9-3 and 9-5 sedan and wagon, the move comes after production stoppages due [...]

• 
• Comment
• Read More

The impact of the global financial crisis continues to take its toll in the automotive arena, with the announcement today that Melbourne-based Robert Bosch will be axing up to 170 jobs.

The cuts are equal to around 12 percent of Robert Bosch’s local workforce.
“The major issues we are having are absolutely related to the reduction in [...]

• 
• Comment
• Read More

The falling demand for vehicles worldwide has claimed another scalp, with Lamborghini announcing a temporary shut down. Production will come to halt for two weeks between February and March, with 300 of the companies 1000 workers affected.

In an attempt to keep workers employed, Lamborghini has introduced working-time reductions to allow a more flexible approach to [...]

• 
• Comment
• Read More

Brembo, possibly the best known name in brakes, has announced plans to temporarily lay off 1,840 workers - a response to the on-going decline in the auto industry and demand for Brembo’s products dropping off.

To help align production output with falling demand, Brembo will implement a system of temporary layoffs. During the March to May period, Brembo [...]

• 
• Comment
• Read More

Yesterday’s announcement by General Motors US that it was slashing its white-collar workforce by 10,000 may have had more than a few Holden employees loosening their collars and wiping sweat from their brows.

Fortunately, it appears that workers at GM’s Australian subsidiary can rest easy for now as the US parent’s decision won’t have any immediate effect on Holden’s local operations.

“The announcement [...]

• 
• Comment
• Read More

With no sign of slowing down, the global automotive sales slump continues to claim scalps. This time around Nissan has announced that over the next twelve months it will be shedding 20,000 jobs - paring back its total workforce by about 8.5 percent.

Nissan has also forecast that its end of financial year loss is expected [...]

• 
• Comment
• Read More

Despite the long-awaited introduction of exciting new products, and the prospect of more to come Jaguar-Land Rover today announced that it will be cutting 450 jobs in the UK.

The reduced demand for new cars and the current world-wide financial situation have been cited as the main reason behind the lay-offs. The job losses will consist [...]

• 
• Comment
• Read More

Not such a great news day for Blue Oval fans and the Australian car industry in general.  In response to the continuing decline of the large car segment in Australia, Ford has announced that it will be cutting 300-350 jobs, or about 15 per cent of its current workforce. 

Ford spokeswoman Sinead McAlary, explained that the [...]

• 
• Comment
• Read More

The expected shake-out at Chrysler LLC has begun with the announcement overnight of the automaker’s plan to drop four models from it’s line-up, along with a corresponding 12,000 jobs. Getting the axe are the Chrysler PT Cruiser convertible, Chrysler Pacifica, Chrysler Crossfire, and the Dodge Magnum.

Chrysler have cunningly announced the model culling and the lay-offs [...]

• 
• Comment
• Read More