Edition: International | Greek
MENU

Home » Business

Seat and Ford to trim workforces

By: EBR - Posted: Monday, November 7, 2005

Seat and Ford to trim workforces
Seat and Ford to trim workforces

Spanish carmaker Seat and US giant Ford are both set to reduce their European workforces to save costs.

Seat, which is owned by Germany's Volkswagen, plans to cut more than 1,340 jobs, about 8% of its workforce.
Ford's German operation is also facing a shake-up, with the company planning to cut 1,200 jobs by the end of 2005.
VW and Ford are among a number of leading carmakers having to restructure their businesses to address high production costs and weak sales.

Failed talks
Both companies have warned they will cut thousands of jobs in an effort to become more efficient.
Seat, which employs about 16,300 staff, said it had failed to reach agreement with unions about proposed cost-savings measures.
Under Spanish law, the Barcelona-based firm must seek approval for any job cuts from the regional government.
Ford's Cologne plant will suffer the bulk of the German cuts, with 1,000 jobs expected to go over the next two months.
Most of these are expected to be on a voluntary basis, with affected workers receiving redundancy pay and retraining.
Thousands of jobs are expected to be lost in Germany's car industry over the next few years, at a time when the country is already suffering high levels of unemployment.
DaimlerChrysler recently said 8,500 jobs could go at Mercedes while VW has warned of further jobs losses in its home market.

READ ALSO

EU Actually

EU anti-look away law relaxed by European Parliament right

N. Peter KramerBy: N. Peter Kramer

The EU anti-look away law (Corporate Sustainability Due Diligence Directive), the dream of the EP left and green and a heritage of the in the meantime disappeared from the scene Commission Vice-President Timmermans, includes that business should not make its money by exploiting labour and destroying the environment.

Europe

Starmer ready for closer EU alignment ’in the national interest’

Starmer ready for closer EU alignment ’in the national interest’

Sir Keir Starmer has said the UK should move towards closer alignment with EU markets "if it’s in our national interest".

Business

EU waters down plans to end new petrol and diesel car sales by 2035

EU waters down plans to end new petrol and diesel car sales by 2035

Current rules state that new vehicles sold from that date should be "zero emission", but carmakers, particularly in Germany, have lobbied heavily for concessions.

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2026. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron