Modified: Thursday, October 22, 2009, 6:00am CDT Jobs, plants fading away Leaner landscape on manufacturing horizon Nashville Business Journal – by Jim Wojciechowski Contributing Writer View Larger Greater Nashville has lost nearly one out of every four of its manufacturing jobs in the past three years. And further losses are anticipated through 2010, [...]
October 22, 2009 http://detnews.com/article/20091022/BIZ/910220449 Feds to slash salaries of bailout execs GM, Chrysler among firms to cut pay for top 25 managers DAVID SHEPARDSON Detroit News Washington Bureau Washington — The Obama administration will slash the pay of top executives at seven firms that received government bailouts — including General Motors Co., Chrysler Group LLC, [...]
October 23, 2009 http://detnews.com/article/20091023/AUTO01/910230358 GM concerned about suppliers’ viability ROBERT SNELL The Detroit News General Motors Co. expects more parts suppliers will struggle financially and is monitoring about 150 companies as the auto industry tries to recover. Bob Socia, vice president of GM’s global purchasing and supply chain, expects some suppliers will have trouble surviving [...]
October 22, 2009 http://detnews.com/article/20091022/AUTO01/910220369 GM tweaks health plans Retirees, most salaried workers to make switch DAVID SHEPARDSON Detroit News Washington Bureau General Motors Co. is moving most of its 24,000 salaried workers away from traditional health care programs and into so-called Consumer Driven Health Plans starting Jan. 1. The employees are being offered two options, [...]
October 23, 2009 http://detnews.com/article/20091023/AUTO01/910230354 Chrysler Financial to liquidate by end of 2011, U.S. says DAVID SHEPARDSON AND ALISA PRIDDLE The Detroit News Washington — The Treasury Department said Thursday that Chrysler Financial is working to close its doors by the end of 2011. "Chrysler Financial is currently following Treasury’s directive to liquidate its business in [...]
October 23, 2009 http://detnews.com/article/20091023/AUTO01/910230348 Ford union workers protest contract changes BRYCE G. HOFFMAN The Detroit News Ford Motor Co.’s River Rouge complex has become a hotly contested battlefield as the United Auto Workers and union dissidents square off over proposed contract changes. Late Wednesday, UAW Vice President Bob King, who heads the union’s national Ford [...]
