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Visteon cutting worker hours, pay in Michigan - MSNBC
VAN BUREN TOWNSHIP, Mich. - Automotive supplier Visteon Corp. said Friday it will shift more than 2,000 workers to a four-day week and cut their pay by 20 percent as tight credit and collapsing sales cause huge industry losses. The moves will begin ...
Read more...Manufacturing index drops to its lowest level since 1980 as orders ... - Orlando Sentinel
NEW YORK (AP) — Signs grew that the economy could turn even weaker in 2009, as an index of December manufacturing activity sank to its lowest point in 28 years. Every corner of the sector was down, from bakeries to cigarette-makers to aluminum ...
Read more...Mexico pledges money to avoid layoffs amid crisis - Associated Press
MEXICO CITY (AP) -- Mexican President Felipe Calderon pledged Wednesday to pump 2 billion pesos ($150 million) into troubled industries to prevent layoffs at companies vulnerable to the economic crisis. The money will go to companies that have had to ...
Read more...Auto sales outlook: Running on empty - CNN Money
NEW YORK (CNNMoney.com) -- Detroit automakers are no longer in the driver's seat when it comes to their own recovery. The U.S. economy is. No matter what further concessions the United Auto Workers union makes, what debt relief the automakers win in ...
Read more...I Escaped Life in an Auto Plant - Lewrockwell.com
I was listening to NPR and one of the news hosts made a comment that struck me as being nonsense. She was talking about the unfortunate auto plant workers in Michigan who will be displaced from their high-paying jobs. She said (to paraphrase) "all of ...
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