Costs crisis threatens GM's life

Article Abstract:

GM lost about $16.5 billion between 1990 and 1992. Its credit-rating is at risk. Its policy of retaining complete production control makes its vehicles $800 more expensive. Chairman Robert Stempel had to go and will probably be replaced by President Mr John F Smith, 54. He is forming an interdepartmental strategy board in Warren, Michigan. He is introducing lean production techniques similar to Toyota's and transferring in-house contracts to independent suppliers. The in-house parts division is to be sold.

Motor vehicle parts and accessories, Finance, Appointments, resignations and dismissals, General Motors Corp., Smith, John F., Jr., Stempel, Robert C.

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BMW threat to axe Rover jobs

Article Abstract:

The introduction of new working practices by BMW at UK car manufacturer Rover could lead to a further 1,500 job cuts at Rover. The company is already cutting 1,500 jobs due to problems caused by the strong UK currency. The new working practices would include paying workers according to the number of hours worked in the year, relating to the amount of output required at the company. A four-day week would be introduced when orders are low, with extra hours at other times. *

Comment:

May lay off 1,500 workers w/ the introduction of new working practices by parent firm at the company

Rover Group Ltd., Article

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UK: ROVER MANAGERS SACKED

Article Abstract:

UK-based car manufacturer, Rover, sacked three managers at its Longbridge facility on 4 September 2000 over bribery allegations. It was claimed that the senior employees had sought 10% of a worker's severance pay in exchange for signing their redundancy application, a move that would have netted them GB[pound] 2,400. Rover has been looking to reduce the Longbridge workforce by up to 1,000, with voluntary redundancy forming a part of such moves.

Plant shutdown, Brief Article, Rover Group Holdings PLC

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