NBC to Cut Jobs, GM’s Opel Working to Save Jobs: Consumer Business Recap
Comcast Corporation’s (NASDAQ:CMCSA) NBC Universal slashes some 450 positions at a number of its units, say inside sources close to the move, which comes as broadcast and cable networks suffer from a slump in advertising that spans the industry. The cuts will comprise around 1.5 percent of NBC Universal’s 30,000 employees.
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It is no longer news that the mass market automakers are all anticipating serious losses in Europe during the next few years, but downsizing might be different for each player. For example, General Motors Company’s (NYSE:GM) Opel division does not see the type of sharp pullbacks such as were experienced by Ford Motor Company’s (NYSE:F) closure of three factories and similar pressures facing Peugeot (PEUGY.PK) and Fiat (FIATY.PK). Opel works council Chairman Wolfgang Schaefer-Klug is attempting to make a deal regarding the future magnitude of its workforce in Germany before the year’s end, commenting that, “I don’t expect that it will come to some huge number of job cuts as part of the restructuring, rather the opposite, much fewer than many believe.”
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