Saudi Foreign Vice Minister attends inauguration of El Salvador President    Ministry of Interior starts imposing penalties on Hajj rules violators Security officials arrest over 20,000 erring visit visa holders    Saudi Arabia and 7 OPEC+ members extend voluntary production cuts until 2025 2.2 million barrel cut to be phased out monthly until September 2025    Saudi Aramco's $12 billion share sale sells out in hours: Bloomberg    Unleashing the Full Potential of Fintech: Challenges, Opportunities, and a Way Forward    Kuwait Crown Prince takes constitutional oath as Deputy Emir    Cristiano Ronaldo vows Al Nassr will come back stronger after King's Cup heartbreak    Kuwait's emir names Sheikh Sabah Khalid Al Sabah as new crown prince    Makkah Police arrest two for promoting fraudulent Hajj campaign on social media    ZATCA thwarts attempt to smuggle 6.5 million Captagon pills hidden in plus-size tires    Saudi Arabia provides $129 billion in aid to 169 countries since 1996    Saudi Chief of General Staff attends EFES 2024 multinational exercise in Turkiye    Al Hilal clinches King Cup in intense penalty shootout and dramatic final    Crown Prince awards King's Cup to Al Hilal    Yassine Bounou named Man of the Match after leading Al Hilal to King's Cup victory    Aramco acquires 40% stake in Gas & Oil Pakistan    Diriyah Contemporary Art Biennale concludes with massive attendance    Man opens ice cream shop in seaside telephone box    Nepali climber sets record for fastest ascent of Mount Everest by a woman    World's rarest album to go on display in Australia    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



European workers protest against General Motors' cuts
Published in Saudi Press Agency on 26 - 02 - 2009

Thousands of workers employed by General Motors in Europe took to the streets Thursday to demonstrate against the giant US carmaker's sweeping restructuring plans and to save their jobs, according to dpa.
The protests came as GM's German offshoot Opel prepared to unveil a rescue plan for the German operations and the government in Berlin stepped up its criticism of the US-based auto group amid a deepening crisis in the global car industry.
German Economics Minister Karl-Theodor zu Guttenberg lashed out Thursday at the Detroit-based GM criticizing the company for failing to provide adequate information about its future plans for Opel, which has a corporate history dating back to the late 19th century.
The German Economics Minister said up until now both potential investors and the German Government still did not know what the GM group planned for Opel, which is expected to unveil the new business plan possibly on Friday.
This is the second time in the last five years that Opel has faced a major shakeout in its business with the company cutting 10,000 jobs in 2004 after GM launched another major overhaul of its global operations.
Now only a few months after Washington lent GM and rival Chrysler 17.4 billion, GM is proposing another far-reaching restructuring plan, which includes big job cuts worldwide and could result in its hiving off parts of its international operations.
In addition to Germany, GM has operations in Britain, Spain and Sweden. However, GM's Swedish SAAB company has already filed for bankruptcy protection.
German carmakers including Volkswagen, BMW and Daimler, the manufacturer of luxury Mercedes-Benz cars have already cut production and placed employees on reduced working hours as they face up to the global economic slowdown.


Clic here to read the story from its source.