SEOUL, April 20 (Yonhap) — The head of South Korea’s antitrust regulator said Friday that Hyundai Motor Group has taken a step in the right direction, citing its latest plan to streamline its complicated governance structure through business spinoffs and mergers. In a meeting with foreign correspondents in Seoul, Korea Fair Trade Commission Chairman Kim… Continue reading Antitrust chief calls Hyundai Motor’s governance restructuring ‘right direction’
Tag: People
What if the Renault Foundation invested in your project?
Friday 20 April 2018 by Rachida Badri – CSR Rachida Badri Share on Twitter Share on Facebook Share on LinkedIn Share on Pinterest After having worked for more than 15 years in training and education, the Renault Foundation is adding a new string to its bow: that of sponsorship. Are you a general-interest association? Do… Continue reading What if the Renault Foundation invested in your project?
General Motors Korea fails to reach wage deal, edging closer to bankruptcy filing
General Motors’ loss-making South Korean unit and its labour union failed to reach a wage deal by Friday, breaching a deadline set by the U.S. automaker to seek bankruptcy protection for the unit. GM Korea held a board meeting on Friday evening to discuss filing for a court-led rehabilitation but it delayed a decision until… Continue reading General Motors Korea fails to reach wage deal, edging closer to bankruptcy filing
UPDATE 4-GM Korea delays vote on bankruptcy protection to Monday as talks fail
SEOUL (Reuters) – General Motors’ (GM.N) loss-making South Korean unit and its labor union failed to reach a wage deal by Friday, breaching a deadline set by the U.S. automaker to seek bankruptcy protection for the unit. FILE PHOTO: An employee works at an assembly line of GM Korea’s Bupyeong plant in Incheon, South Korea… Continue reading UPDATE 4-GM Korea delays vote on bankruptcy protection to Monday as talks fail
UPDATE 1-Nissan to cut hundreds of jobs at UK plant as diesel demand slides -source
LONDON (Reuters) – Nissan (7201.T) will cut hundreds of jobs at its Sunderland plant, Britain’s biggest automotive factory, as it tackles declining demand for diesel models across Europe, a source told Reuters on Friday. FILE PHOTO: Logo of the Nissan Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan, November 2,… Continue reading UPDATE 1-Nissan to cut hundreds of jobs at UK plant as diesel demand slides -source
In Germany, PSA requires 3,700 job cuts at Opel
He said what everyone already knew: there will be many job cuts at Opel in Germany. It only remained to know how much. Wolfgang Schaefer-Klug, chairman of the German car manufacturer’s board of directors, bought last year from General Motors for PSA Peugeot Citroën the requirements of the French group : 3,700 jobs. To this… Continue reading In Germany, PSA requires 3,700 job cuts at Opel
UPDATE 1-PSA demanding 3,700 job cuts in Germany – Opel labour chief
FRANKFURT (Reuters) – PSA Group (PEUP.PA) wants 3,700 job cuts at Opel in Germany by 2020 and a process of contract buyouts and early retirement has already resulted in a reduction of about 2,000 positions, Opel’s works council chief said on Friday. “Around 2,000 have already agreed to leave, and we will likely see a… Continue reading UPDATE 1-PSA demanding 3,700 job cuts in Germany – Opel labour chief
Savings plan at Opel: Every fifth Opelaner should go
Controversy over Opel: “Eisenach and Kaiserslautern are highly endangered” at Opel in Germany should according to current Plans of the French parent company PSA According to information from the works council, by the end of the decade 3700 of the approximately 19,000 jobs will disappear. “They have us a mining plan submitted by 2020 that… Continue reading Savings plan at Opel: Every fifth Opelaner should go
CEAD’s new large-format Continuous Fiber 3D printer
The Netherlands based company CEAD is developing a large-format Continuous Fiber Additive Manufacturing (CFAM) machine for industrial applications, including construction and shipbuilding. CEAD is developing a large-format 3D printer for industrial applications. Photo via CEAD. Continuous fiber 3D printing CEAD has not revealed the specifications of their CFAM process, as they are still in the… Continue reading CEAD’s new large-format Continuous Fiber 3D printer
Opel boss calls for wage renunciation of employees
In the dispute over the renovation Opel CEO Michael Lohscheller has called on the employees to waive allowances. “We want to invest in all German locations and will do so – if we are competitive,” he said. Opel boss Michael Lohscheller Friday, 20.04.2018 10:56 at Opel The management and workers are struggling for concessions in… Continue reading Opel boss calls for wage renunciation of employees