Layoffs

June 25, 2008 -- As part of an extensive cost reduction programme, Volvo is planning to reduce its workforce by 1,400 white collar (consultants included) and 600 blue collar members of its workforce. The company is today handing in a notice of these actions to the Swedish authorities (the Swedish Public Employment Service).

The notice includes 1,200 employees at Volvo Car Corporation in Gothenburg (1,105 employees), Volvo Car Sweden (45 employees) and Volvo Cars Body Components in Olofström (50 employees). Also, contracts with around 500 consultants will be cancelled. The company is also planning to reduce its workforce by 300 people abroad.

Four products will be cancelled from Chrysler line-up; while adding two all-new products and two hybrid models

Auburn Hills, Mich., Nov 1, 2007 - Chrysler LLC today announced that it would make volume-related reductions at several of its North American assembly and powertrain plants, and eliminate four products from its line-up.

Shifts will be eliminated at five North American assembly plants which, combined with other volume-related manufacturing actions, will lead to a reduction of 8,500-10,000 additional hourly jobs through 2008.