It has been revealed that over 11,000 jobs are to be cut across Europe, 1,400 of those are in the UK. These cuts are happening after Magna, the Canadian-based spare parts venture, agreed to take over Opel and Vauxhall from General Motors.
Magna’s restructuring of Opel is yet another sign that Europe’s auto industry is flagging in the face of the recession, despite the spate of ‘cash incentives’ offered to consumers to buy new cars.
Link : www.cxo.eu.com
Related posts:
Infoporn: The Cost of Living on the Bleeding Edge of Technology
All the News 2009
Interactive US Map - Vanishing Employment Across the Country
The History of Hacking
The Rise and Fall of Harley Davidson [Infographic]
Inflation and You: Looking at the Consumer Price Index Market Basket
Interactive Map - A political history of Africa since 1900
The Most Expensive 'Home' in the World [Infographic]
UEFA Euro 2012 Schedule [Infographic]
The Most Shipped Items by Weight and Value - USA