More in Labor & Human Resources

  • Newswire

    REFILE-GM Korea CEO warns of output cut as strike vote looms  

    (Refiles to restore dropped letter in seventh paragraph) SEOUL, July 8 (Reuters) - General Motors' South Korea chief warned employees that a potential strike could lead to further production cuts in one of its major Asian manufacturing bases, according to an email sent to staff and obtained by Reuters. GM's 15,000 unionised workers in South Korea plan to cast ballots on Tuesday and Wednesday on whether to stage a strike for a fourth consecutive year, signalling a resurgence of summer labour unrest in the country's auto industry....More
  • Newswire

    Ford CEO Fields In Line for 9% Salary Increase  

    The automaker says that, in addition to stock options and a performance-based bonus, Fields' base salary will be $1.75 million this year, up from $1.6 million last year when he was chief operating officer....More
  • Newswire

    CORRECTED-Peugeot expects 2,500 early retirements in 2014-15  

    (Corrects 2013 payroll to 15.1 pct of revenue in paragraph 2) PARIS, June 26 (Reuters) - PSA Peugeot Citroen said on Thursday that up to 2,500 older French workers will leave the carmaker's payroll in 2014-15 as it cuts headcount under a deal struck with unions last year. Paris-based Peugeot, which employs some 70,000 people in France, has pledged to cut payroll costs to 12.5 percent of group revenue by 2016 from 15.1 percent last year, under the "Back in the Race" recovery plan unveiled in February....More
  • Newswire

    Nissan CEO Ghosn's Fiscal 2013-2014 Pay $9.8 Million  

    Ghosn's $9.8 million salary, which excludes stock options, is 0.7% higher than the previous fiscal year's and is in addition to the $3.6 million he received in 2013 as CEO of French automaker Renault....More
  • Newswire

    Ferrari Chief Not Interested in Alitalia Chairmanship  

    Dismissing media speculation he could become the next chairman of the financially troubled airline, Luca Cordero di Montezemolo says, "For me there is only Ferrari, to which I am very committed."...More
  • Newswire

    Opel Reaches Severance Deal With Bochum Staff  

    Opel has reached "binding and reliable" agreements with IG Metall, the Ruesselsheim-based car maker says in a statement. Opel declines to comment on the cost of laying off the staff....More
  • Jun 13, 2014
    blog

    Bill Hoglund Dies at 79, Narrowly Missed Top Spot at GM

    The former GM executive credited for revitalizing Pontiac in the 1980s once said, “Whoever did the Aztek ought to be shot.”...More
  • Newswire

    GM Dismissed Vice President, Two Directors in Recall Probe -- Sources  

    Among those terminated were a vice president overseeing environmental and regulatory issues and GM's general director of vehicle safety....More
  • Newswire

    Report Says Internal Probe Expected to Clear GM CEO Barra  

    The New York Times says GM officials believe an internal investigation of the automaker's recall of millions of cars with defective ignition switches linked to 13 deaths will clear Barra of wrongdoing....More
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