Volkswagen has reached an agreement with its workers to cut 30,000 jobs as it tries to restructure the company for the future. The decision comes as VW faces a watershed moment in the wake of a self-made disaster.
When TrueCar president and CEO Chip Perry announced a revamp of the car-shopping site, he failed to mention one big change: layoffs.
According to a source and confirmed by TrueCar, an undisclosed number of the company’s employees — mostly located at its headquarters in Santa Monica — received layoff notices yesterday.
First announced December 19, 2012, GM Canada’s Oshawa Assembly facility will officially cease production of the Camaro on November 20, 2015 in conjunction with the car’s next generation, GM announced today. Camaro production remained at the Oshawa plant a year longer than initially promised in 2012.
Assembly shifts will be reduced from four to three between the “Flex” and “Consolidated” lines. Currently, the “Flex” line is on three shifts while the smaller line is on one shift. GM Canada will “begin a voluntary retirement canvass” to reduce worker head count before implementing any layoffs. GM Canada President, Stephen K. Carlisle, stated “60 percent of our hourly workforce are nearing retirement” age and the company will offer incentives to eligible employees looking to retire early.
Tesla may be denying delays in the construction of its Gigafactory, but the automaker’s not holding back on firing 200 employees in China due to poor sales.
A total of 510 employees will be laid-off beginning in January, the result of two separate actions linked to production and inventory concerns.
Volkswagen AG execs will have to go back to the drawing board to determine where to cut costs after its works council demanded outside consultants be shown the door.
Poor sales of the Dodge Dart have led to temporary layoffs at the auto maker’s Belvidere, Illinois plant, where the Dart is produced. Despite Chrysler sales being up 11 percent last month, sales of the Dart were down 37 percent.
Toyota announced Monday that as of 2017, the automaker will no longer manufacture any of their vehicles in Australia, driving in the final nail to the coffin containing the nation’s local automotive industry following similar announcements by Holden and Ford.