UK: FORD TO REVEAL JOB CUTS

Article Abstract:

Ford is expected to reveal plans to axe 1,500-2,000 jobs on 18 February 2000 at its Dagenham facility in a move regarded as an indication that the UK plant's days may be numbered. The car production plant employs around 8,000 staff and the move is expected to be accompanied by an output reduction of as much as 50% in the Fiesta car. Ford of Europe had noted previously that the pound's strength had made the UK the leading candidate for cost cuts. Unions are unhappy over the plan, saying that Ford should look at cuts elsewhere and pointing to the phasing out of Escort production at the Halewood plant.

Ford of Europe Inc.

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UK: REPORT REJECTS UNION JOB LOSS CLAIMS

Article Abstract:

A report prepared for the London Assembly by the Cardiff University Business School suggests that the loss of car production at Ford's Dagenham plant will result in 4,000 direct job losses and a further 4,000 indirect job losses in the local area. The report, prepared by Professor Garel Rhys, contradicts union claims that 58,000 jobs are under threat when the production of Fiesta models at Dagenham is halted in the first quarter of 2002. Ford has unveiled plans to transform the Dagenham facility into a diesel engine production centre.

Motor vehicles and car bodies, Motor Vehicles and Equipment, Officials and employees, Abstract, F

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Nissan, once leading invader of the West's car markets, sacks 21,000 in desperate bid to survive

Article Abstract:

Nissan, Japan's second-largest car manufacturer, is reducing its workforce by 21,000, or 14%, in order to cut costs. It will reduce its production capacity in Japan by 30%, and will cut the number of its suppliers from 1,450 to 600. The company has debts of $36 billion, a legacy of the extremely ambitious international expansion programme introduced in the late 1980s. The Nissan brand has become unpopular with customers, and the company's cars are always priced more cheaply than comparable rival models.

Comment:

Has reported it will cut its workforce by 21,000 or 14% as part of a cost-cuttting plan

Japan, Finance, Nissan Motor Company Ltd.

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