Special Report: Global Financial Crisis
 |
|
A potential customer looks at a 2009
Chevrolet Impala sedan at a car dealership in Dearborn, Michigan December
29, 2008. (Xinhua/Reuters Photo)
Photo
Gallery>>> |
BEIJING, Feb. 11 (Xinhuanet) -- General Motors Corp.
(GM) will cut 10,000 salaried jobs worldwide, or 14 percent of its work force
this year due to a drop in global vehicle sales, according to U.S. media reports
Wednesday.
GM said about 3,400 of the jobs would be lost in
the U.S., with cuts elsewhere depending on "the staffing levels in the region
and market conditions."
"These difficult actions are necessitated by a severe
drop in vehicle sales worldwide and by the need to restructure GM for long-term
viability," GM said in a statement a week before it is to present a viability
plan to the U.S. government by Feb. 17.
Meanwhile, the Detroit-based automaker said it will
also impose pay cuts on its most remaining white-collar U.S. workers
starting from May 1 until at least the end of the year, adding its executive
salaries will be lowered by 10 percent and many others by 3 to 7 percent.
The automaker, which has 73,000 positions worldwide,
is negotiating with bondholders and labor unions to reduce costs as it lays out
plans to close more factories and eliminate vehicles and brands from its U.S.
portfolio.
(Agencies)
|
 Global Job Cuts 
|
| ，Panasonic to cut
15,000 jobs |
| ，Starbucks to cut 6,700
jobs |
| ，SAP to cut 3,000
jobs |
| ，Intel to cut up to 6,000
jobs |
| ，Caterpillar to cut
20,000 jobs |
| ，Warner Bros. to cut 800
jobs |
| ， Ericsson to cut 5,000
jobs |
| ， Sony to cut 8,000
jobs |
| ， Valeo to cut 5,000
jobs |
| ， Chanel to cut 200
jobs |
| ， Volvo Cars to cut
3,400 jobs |
| ， Credit Suisse to cut
5,300 jobs |
| ， Rolls-Royce to cut
2,000 jobs |
| ， Indonesia to cut
40,000 jobs |
| ，UK finance sector to
cut 15,000 jobs |
| ，India IT industry to
cut 50,000 jobs |
| ， South Korea to cut
jobs in public sector |
GM chops 2009 vehicle sales
outlook
CHICAGO, Jan. 16 (Xinhua) -- General Motors Corp. has
slashed its 2009 U.S. auto sales estimate to 10.5 million vehicles amid
continued uncertainty over the timing of an industry rebound, reports reaching
here from Detroit said on Friday.
The revised sales estimate was released on Thursday,
one day before GM is to receive 5.4 billion U.S. dollars in cash as part of a
federal loan package of 13.4 billion dollars approved last month to prevent the
automaker's collapse. Full story
Toyota's global sales likely to
overtake GM to remain world's No. 1
TOKYO, Jan. 20 (Xinhua) -- Toyota Motor Corp. is likely to
overtake General Motors Corp. as the world's top selling automaker for the first
time ever, even though it announced Tuesday its group global vehicle sales in
2008 fell 4 percent from the previous year to 8,972,000 units,
The Toyota group, including Daihatsu Motor Co. and
Hino Motors Ltd., was already leading the top U.S. automaker in sales during the
January-September period of 2008 by over 300,000 units. GM is expected to
release its 2008 sales results on Wednesday. Full story
GM reports 31% sales decline in U.S.
market
CHICAGO, Jan. 5 (Xinhua) -- General Motors (GM), the major
U.S. automaker, on Monday reported a 31-percent decline in its December sales in
its home country.
According to a report on GM's website, its dealers in
the United States delivered 221,983 vehicles in December, down 31 percent
compared with a year ago. Full story
