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Archive for February 5th, 2009

Car giant Ford to cut 850 UK workers

Car giant Ford is to cut up to 850 jobs at its UK operations by May.
Between 400 and 500 of the posts are to go at the Transit plant in Southampton. The firm said it hoped the losses would be met through voluntary redundancies.
Bosses will also renegotiate a recent pay deal struck at the [...]

Steel-state lawmakers vow to save ‘Buy American’

WASHINGTON, Feb 4 (Reuters) - Lawmakers from steel-producing states insisted on Wednesday that a "Buy American" plan remain part of the huge U.S. economic stimulus bill after President Barack Obama said Congress should look at dropping or changing it to avoid starting a trade war.
"If it’s not in, I’m not supporting this package and I’ll [...]