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...Apart from Germany, GM Europe has factories in Belgium, Spain, Poland and Britain. It's not clear whether Magna will shut down the two Vauxhall factories in Luton and Ellesmere Port in the U.K., which employ 5,000 workers. The British Business Secretary Lord Mandelson grumbled that Magna had been "vague about their job and business plans." There are also questions over the robustness of Magna, which has been hit hard by the global downturn. Magna said during the negotiations it would cut 10,000 jobs across Europe, with the axe falling on around 2,500 jobs in Germany...

Author: /time Magazine | Title: Merkel Saves Opel From GM's Fate | 6/1/2009 | See Source »

...McDonald's and Wal-Mart are not paid well. Waiting on people in a big-box retail outfit or cooking and serving fast food will never pay well. The jobs don't require any special skills and so they do not come with a premium wage. Wal-Mart does employ 2 million people, which is a lot of individuals to keep on a payroll during a recession. McDonald's has 400,000. Neither place has announced significant layoffs and neither is likely to. (Read: "The Burger That Conquered the Country...

Author: /time Magazine | Title: Inspired by McDonald's, Wal-Mart Creates Its Own Dollar Menu | 5/15/2009 | See Source »

Chrysler and GM (GM) propose closing 3,000 dealers in an effort to save money by narrowing down their distribution networks. Some of the larger dealers probably employ 100 people. In an economy that is losing nearly 600,000 jobs a month, the new efficiency program from Detroit is going to add to the burden of unemployed Americans very quickly...

Author: /time Magazine | Title: Auto Industry Says Adios to the Car Dealer | 5/14/2009 | See Source »

...otherwise have to do himself. This time quota can be fulfilled daily, or can be bundled into larger periods, at the discretion of the Adams resident. What, exactly, the time-tax is put to use will remain up to individual Quadlings. For instance, you may find it useful to employ your Adams resident to paint your room back to its original color, or to proofread your term paper. I intend to use my time-tax credit to make my Adams resident to walk in circles, alone...

Author: By Meaghan E Lyons | Title: Budget Plinko, Part II: Shuttle Shafting | 5/12/2009 | See Source »

...China's steelmakers employ some 2.5 million people, and Beijing is desperate to keep those jobs going. But U.S. and European rivals say China isn't playing fair and accuse Beijing of subsidizing steel companies, offering preferential tax rates, giving access to low-priced materials, and exempting steel firms from labor and environmental rules...

Author: /time Magazine | Title: Steel Wars: Europe and the U.S. Accuse China of Dumping | 4/25/2009 | See Source »

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