ExxonMobil trims 16,000

Article Abstract:

ExxonMobil has announced announced that more than 16,000 workers will be laid off between Dec 1999 through 2003, a number representing 13% of its worldwide labor force. Roughly 2,000 of its employees were already laid off in 1999. A strong job market may help some of the ExxonMobil workers in back office positions find work. However, outplacement expert John Challenger noted that that geologists and petrochemical engineers in the oil industry who lose their jobs will have more difficulty in finding employment.

Petroleum and Coal Products Manufacturing, Petroleum, Exxon Mobil Corp.

---

UAW deal sends Ford a message

Article Abstract:

A tentative labor contract between DaimlerChrysler AG and the United Auto Workers stipulates that DaimlerChrysler will not close, consolidate, spinoff or dispose any plant or business unit organized by the UAW. The contract will have little effect on DaimlerChrysler, but its wordings are expected to put pressure on Ford Motor Corp not to sell or spin off its Visteon parts subsidiary.

Automobiles, Automobile Manufacturing

---

Stallkamp replaced in shake-up

Article Abstract:

DaimlerChrysler AG will replace Thomas Stallkamp as president in a management shakeup intended to streamline the automaker's 10-month-old management. Sales and marketing executive James Holden will succeed Stallkamp as head of DaimlerChrysler's North American operations. As a result of the shakeup, the number of board of directors will be reduced from 17 to 13.

Executive changes & profiles, Automobile and Light Duty Motor Vehicle Manufacturing, Motor Vehicles

Similar abstracts:

• Abstracts: The consumer's guide to Christmas. Stirred but never shaken. Tools of the trade
• Abstracts: Motorola plans to cut 15,000 jobs. Bell Atlantic strike will mean delays. Venture companies log on to Internet success
• Abstracts: Crunch time for league. Wallabies in a stew. In come the pros, out goes the poetry
• Abstracts: Power games. A Spaniard in the works. God's will
• Abstracts: Maximum security. Caught in the trap

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.