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Jun 1, 2012

LAYOFFS * WORLDWIDE

* Brazil - Mercedes Benz lays off 1,500 Workers in 

Sao Bernardo do Campo,SP,Brazil -in auto news (Romania) -30 May 2012: -- Daimler AG/Mercedes-Benz, Brazil’s second biggest truck and bus manufacturer by market share, said it’s laying off more than 10 per cent of its workforce to cope with a slowdown in what only a few months ago was a market that was predicted to soon overtake Japan as the world’s fifth biggest for auto sales... All affected employees work at Mercedes’ plant in Sao Bernardo do Campo, Brazil, the company said today in an e-mailed statement... Brazil motor-vehicle sales fell in April as rising auto-loan defaults led to a constriction in auto credit, while output continued to decline on rising stockpiles and tougher environmental regulation according to the Brazilian Motor Vehicle Manufacturers Association...


* France - PSA seeks layoffs, pay freeze in Sevelnord

Paris,France -Reuters/ST Motoring -31 May 2012: -- French automaker PSA Peugeot Citroen has asked workers at its Sevelnord plant to agree to a pay freeze, hundreds of job cuts and other concessions, or face possible closure, officials at two unions said... The company is opening talks on plans to reduce the threatened plant's 2,700-strong workforce, freeze salaries for at least three years, reduce leave and impose more flexible hours, CGT and CGC union representatives told Reuters... Peugeot declined to comment on plans for Sevelnord...

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