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The first of two rounds of layoffs will begin Nov. 18 and will include the temporary layoff of 686 full-time workers and the termination of 250 temporary employees, Automotive News reported on ...
Michael Wayland, CNBC. July 30, 2024 at 3:01 PM. Marco Bertorello. DETROIT — Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as the ...
September 15, 2024 at 10:00 AM. A threat actor leaked Toyota’s customer data on a dark web forum. The file shared by the hacker contained 240GB of data, including contact and financial ...
e. The 2008–2010 automotive industry crisis formed part of the 2007–2008 financial crisis and the resulting Great Recession. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry. The downturn also affected Canada by virtue of the Automotive Products ...
Sakichi Toyoda. Kiichiro Toyoda (Japanese: 豊田 喜一郎 とよだ きいちろう, Hepburn: Toyoda Kiichirō, June 11, 1894 – March 27, 1952) was a Japanese businessman and the son of Toyoda Loom Works founder Sakichi Toyoda. His decision to change Toyoda's focus from automatic loom manufacture into automobile manufacturing created what ...
49,800 strikers. The 2023 United Auto Workers strike was a labor strike involving automobile workers in the labor union United Auto Workers (UAW) and the three unionized automakers in the United States— Ford Motor Company, General Motors, and Stellantis. These three automakers' factories combined employ about 145,000 UAW members and produce ...
Toyota in October announced it would invest an additional $8 billion into the project, adding eight battery lines for hybrid and electric vehicles and bringing its total investment to $13.9 billion.
The program was established in the 1984 UAW labor contracts with the Big Three to protect workers' salaries and discourage layoffs, as part of the automakers' contracts with the UAW. The union's intent was to protect jobs via a plan to guarantee pay and benefits for union members whose jobs were extinguished by technological progress or plant ...