Job cuts spreading in truck industry

Article Abstract:

A cut in jobs is spreading in heavy and medium duty truck manufacturing plants. The Southwestern Ontario community of St. Thomas is being called the first casualty of the expected general economic slowdown. Freightliner, a North American truck manufacturing plant has announced a layoff of 3,745 people or 18% of its North American work force and will slow output by 18% because of slagging demand. The companies explain that the reason behind the layoffs and production cuts are: escalating diesel fuel prices, rising interest rates and a large inventory of used vehicle. The sale of heavy trucks in North America has risen from 225,000 in 1998 to 303,000 in 1999. On an average, 120,000 units were sold in the early 90's. It is expected that the downturn in heavy truck manufacturing industry will last for 18 months to two years.

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Royal Airlines to expand eastern service

Article Abstract:

Royal Airlines, a subsidiary of Royal Aviation Inc. (Montreal) plans to double its scheduled flights to Eastern Canadian cities, heating up the discount-fare competition in a market dominated by Air Canada. As a part of its transformation from a charter airline into a discount carrier it will increase the number of flights from Toronto to Montreal, Halifax, Winnipeg, Ottawa, Vancouver and award Aeroplane points for all of its flights starting from September. It also plans to add flights to Calgary, Edmonton, Thunder Bay and St. John's. It also plans to hire extra 100 employees.

Royal Airlines

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Business travel can be a trip if structured right

Article Abstract:

The importance of arranging a proper business trip for executives by employers, in order to achieve good benefits for the company, is discussed.

Strategy & planning, Planning, Executives, Business travel, Travel, Company business planning

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