David Bailey
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Jaguar will make it through the recession - but in what shape?
The UK operations of Jaguar Land Rover lost £673.4m last year after a £640 million surplus the year before, it was revealed last week in accounts filed with Companies House. Adding in actuarial and pensions adjustments, “total recognised losses” at JLR topped almost £1.2bn last year. Not that this is much of a surprise of course. Full Article | Comments [1]
GM emerges from Chapter 11 bankruptcy
The "new GM" that has emerged from Chapter 11 last week is a much smaller and leaner firm which has shed tens of thousands of workers, closed factories, cut loose hundreds of dealerships (further reductions will be needed), ditched several brands, and – with union agreement – changed employment contracts so as to cut costs. Full Article | Comments [2]
Rolls-Royce on a roll despite downturn?
What has been especially impressive about Rolls-Royce is that it has worked hard to keep skilled craftsmen in place through the recession. While unfortunately some agency staff were laid off, the firm has kept its skilled workforce in place. Full Article
