Germany: Getrag poised to cut 700 jobs

Getrag KG, part of Getrag Group Transmissions, has announced plans to implement additional cost saving measures and make adjustments to production capacity, reflecting the supplier's belief that the European auto industry is not stabilising as quickly as anticipated. The Untergruppenbach, Germany-based company says a slow increase in sales volumes of transmissions It’s time to log … Continued

• By Webmaster
• March 12, 2010