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GM Europe seeks nearly 1,000 British job cuts

GM Europe seeks nearly 1,000 British job cuts General Motors Europe (GM.N: Quote, Profile, Research) has proposed cutting nearly 1,000 jobs this year at its Ellesmere Port plant in Britain to improve productivity for the Opel/Vauxhall Astra model, GME President Carl-Peter Forster said on Wednesday. He said the carmaker was negotiating with labour representatives who wanted to spread production cuts over other GM plants in Europe that make the Astra compact, but that the idea was not super-attractive. This just delays a real solution, he said on the sidelines of a ceremony opening GM Europes design centre. He declined to give

Just watch us perform in europe now

Just watch us perform in europe now HEARTS star Roman Bednar believes the Jambos can better this seasons incredible campaign by making their mark in the Champions League next term. The Czech ace was part of the Gorgie outfits side that lifted the Tennents Scottish Cup against Gretna at Hampden at the weekend to ensure their place in the clubs history books. The Capital club may have required penalties to finally see off their plucky lower league opponents but that didnt dilute the joy the Hearts players felt in any way when Gavin Skelton blasted his spot-kick against the crossbar to

Parmalat founder apologizes for ’Europe’s Enron’

Parmalat founder apologizes for 'Europe's Enron' Parmalat's founder and former chairman has asked those hurt by fraud at the Italian-based global dairy giant to forgive him, saying he felt "pain and remorse" over the scandal. Calisto Tanzi made the remarks in a Milan court Tuesday, where he and 15 others face charges of market rigging, providing false accounting and misleading Italy's stock market regulator in a 15-billion-euro ($20.4-billion Cdn) scandal dubbed "Europe's Enron." Tanzi told Associated Press that Parmalat was "the dream of my life, a dream that was shattered." "This dream has plunged me into pain and remorse and has

Lear to Sell Europe Interiors Unit

Lear to Sell Europe Interiors Unit Lear Corp. on Thursday said it has agreed to sell its European interiors systems segment to International Automotive Components Group, in exchange for a 34 percent equity interest in the joint venture. Lear, a supplier of automotive interior parts, has been searching for a solution to operating challenges in the European interiors unit. Chairman and Chief Executive Bob Rossiter called the deal a positive development. Lear expects to log a $40 million charge when the transaction closes, likely in the third quarter, subject to closing conditions. The company said it continues to seek solutions for its North

Europes first trip to Moon ends with welcome bump

Europes first trip to Moon ends with welcome bump It was the slowest and possibly the cheapest trip to the Moon, yet Europes first lunar mission has ended as planned with a spectacular crash landing. The Smart-1 spacecraft had been carefully manoeuvred so that yesterday at 6.42am it would hit the lunar surface at a speed of about 4,500mph in a region of the Moon known as the Lake of Excellence. Scientists at the European Space Agencys operations centre in Darmstadt, Germany, pronounced the crash landing a complete success and said the impact would help to reveal the origins of the Moon