Source Pravda.Ru

Bad conditions for consumption in Germany

&to=http:// english.pravda.ru/comp/2002/09/25/37203.html ' target=_blank>General Motors Corp. said Thursday it will slash 12,000 jobs from its money-losing European operations -- nearly one in five of its jobs there -- by the end of 2006 in order to save $617 million per year.

GM Europe said the shakeup of the &to=http:// english.pravda.ru/comp/2003/03/18/44568.html ' target=_blank>Opel, Saab and Vauxhall operations was necessary amid sluggish demand growth, a growing challenge from both European and Asian brands and fierce price competition.

Most of the cuts will come in Germany, where the company is burdened with high labor costs due to German labor practices. In addition to factory jobs, some white-collar engineers will go too, the company said, informed Detroit Free Press.

According to the Bloomberg, the planned cuts suggest that concern over unemployment, which reached a five-year high last month, will crimp growth in the domestic economy. Consumer spending hasn't increased more than 0.1 percent in the past seven quarters.

Certainly readers already know that the Prosecutor's Office of Nanterre has ordered that Marine Le Pen, secretary of the Rassemblement National (former FN) and parliamentary to the Assembly, be submitted to psychiatric examination.

This is a liberation fight from the Soviet EU

Certainly readers already know that the Prosecutor's Office of Nanterre has ordered that Marine Le Pen, secretary of the Rassemblement National (former FN) and parliamentary to the Assembly, be submitted to psychiatric examination.

This is a liberation fight from the Soviet EU
Comments
Ukraine's Poroshenko: Russia's Third Rome to fall soon
Sexual abstinence more harmful to women
USA punishes China for purchasing arms from Russia
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
On the collapse of civility in Western nations: living in the era of 'not nice'
On the collapse of civility in Western nations: living in the era of 'not nice'
Roscosmos contractor steals millions, state secrets and flees to USA
Roscosmos contractor steals millions, state secrets and flees to USA
Russia to ship S-300 to Syria after Il-20 shootdown
How many aircraft and pilots Russia has lost in Syria so far
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Gaddafi's predictions come true as Americans gang rape the world
Russia to ship S-300 to Syria after Il-20 shootdown
Gaddafi's predictions come true as Americans gang rape the world
A glimpse into the past and the future
Russian women to be allowed to work as train drivers and pilots