Page 199 - Restructuring News Today

Significant is it? >> its very significant especially because all economics, all economy is local. and when you look at ohio, its really the center of trump country, especially where this plant is located. detroit, again, an area that was hoping to see domestic manufacturing really bolster the local economy. to put that in perspective, were still sorting out the numbers. this is new news. were not sure what that 15% refers to, workers or executives. gm was trying to highlight the reduction in th...

Alison kosik is with us, cristina alesci is with us. two midwest big plants and one in canada. >> thats right. this is huge. and local press is estimating that this impacts about 5600 workers. this is an enormous restructuring, enormous blow to president trumps plan to bring manufacturing jobs back and it kind of confirms what every auto analyst has said for years, the global supply chain is here to say. its cheaper to produce, in some cases, some cars overseas, especially in the growth markets ...

If it were to go back to w.t. rules if it was a half no deal what we now know was the hardbacks it that would be the real comparison and if you compare the current numbers to that i think theres a pretty good on this now prime minister theresa may is travelling across britain to present a newly forged briggs a deal to the people but members of parliament still have to give their approval in a vote set for the twelfth of december. to the united states and u.s. carmaker general motors announced ma...

But he has plans today.ain.. hey dad. so he took aleve. if hed taken tylenol, hed be stopping for more pills right now. only aleve has the strength to stop tough pain for up to 12 hours with just one pill. aleve. all day strong. as we mentioned, the largest u.s. automaker general motors announced plans to dramatically cut production at a number of plants in the united states and canada and cut more than 14,000 factory and white-collar workers. its part of a massive restructuring plan that affe...

Hen henry, thank you, joel, thank you for your time as well. we want to get back to the news we brought you earlier with regard to general motors. the stock is up more on the news of major job cuts. its part of a long announced restructuring for the company. phil covers the auto industry and has been covering it for some time for cnbc. how many jobs are we talking and why is the market responding so positively? >> right. well, lets start first off with the positive market reaction and then the...

Hes not getting federal support. he pretty much -- they assumed something like this was going to happen because they could see the number of people just kind of organizing themselves and im sure they received information from different sources that this was going to happen. and theres nobody really to pick up the phone between now and until december 1st. and theres going to be a restructuring of all these security institutions, agencies in mexico. so its a very -- it could be very confusing and ...

Axe its a rare case of restructuring for the swedish furniture giant which has so far appeared immune to the fate of many brick and mortar store operators but a decline in foot traffic has prompted the company to expand its online presence u.k.s says it will increase hiring in its digital sales division of something which could potentially add ten thousand jobs to the company. germanys siemens conglomerate has been awarded a one and a half billion year old contract to build trains for londons un...

Axe its a rare case of restructuring for the swedish furniture giant which has so far appeared immune to the fate of many brick and mortar store operators but a decline in foot traffic has prompted the company to expand its online presence u.k.s says it will increase hiring in its digital sales division of something which could potentially add ten thousand jobs to the company. germanys siemens conglomerate has been awarded a one and a half billion year old contract to build trains for londons un...

Prevent italy from increasing its debt burden currently one hundred thirty percent of g.d.p. and therefore twice the e.u. limits. the procedures could burn a further hole initially parkas with a fine of up to almost three and a half billion euros. he cares to slash seven and a half thousand jobs around the world as a chip small towards online retail workers in communications and administrative functions are most likely to get the axe its a rare case of restructuring for the swedish furniture gia...

A total catastrophe for the shipyard done via the dress. for the invite of the pain of the ships have been billed involved us for seven decades and people here are hoping for many more years to come. just me this time and lets stay in europe where ikea has announced that it will slash thousands of jobs around the world as a focus is more on e-commerce now workers in communications and administrative functions are the most likely to get the axe its a rare case of restructuring for the swedish fur...