Search results
Results From The WOW.Com Content Network
Before NUMMI, the site was the former Fremont Assembly that General Motors operated between 1962 and 1982. [1] [2] [3] Employees at the Fremont plant [4] were "considered the worst workforce in the automobile industry in the United States," according to a later recounting by a leader of the workers' own union, the United Auto Workers (UAW).
In September 2008, the Big Three asked for $50 billion to pay for health care expenses and avoid bankruptcy and ensuing layoffs, and Congress worked out a $25 billion loan. [92] By December, President Bush had agreed to an emergency bailout of $17.4 billion to be distributed by the next administration in January and February. [93]
The program was established in the 1984 UAW labor contracts with the Big Three to protect workers' salaries and discourage layoffs, as part of the automakers' contracts with the UAW. The union's intent was to protect jobs via a plan to guarantee pay and benefits for union members whose jobs were extinguished by technological progress or plant ...
3. Exclusive: Layoffs sweep Microsoft. Employees in security, experiences and devices, sales, and gaming faced job cuts, two people familiar with the matter told BI. The layoffs are separate from ...
Corporate America can't seem to lay off workers fast enough. U.S. employers have already axed north of 100,000 jobs this year according to the latest figures from data firm Challenger, Gray ...
Nearly 40% of companies reported layoffs in 2024, the outplacement firm noted, saying that was a noticeable increase from 28% in 2023. The outlook for 2025 appears cautiously optimistic. Not all ...
Toyota Motor Co. was established as an independent and separate company in 1937. Although the founding family's name was written in the Kanji "豊田" (rendered as "Toyoda"), the company name was changed to a similar word in katakana - トヨタ (rendered as "Toyota") because the latter has 8 strokes which is regarded as a lucky number in East Asian culture. [3]
The layoffs - around 139 jobs - are expected to begin in the third quarter and would be completed by the end of 2024. Shares of the company, which had 925 full-time employees at the end of the ...