South Korea's largest automaker said it will slash production between 25 percent and 30 percent at its domestic plants during the first quarter amid falling global demand for vehicles.
Korean-based automaker has cut production at its auto assembly plant in Montgomery and implemented a ‘flexible work schedule’ for January.
China updated an ambitious blueprint to aggressively revamp a key manufacturing region -- a plan that has already helped cause many low-end factories to move or shut down.
World's No. 2 drugmaker is moving to expand its vaccine business in the key U.S. market by opening an East Coast vaccine factory, with production targeted to begin in April.
French automaker plans to cut the night shift at its plant in Eastern France from the beginning of February to cope with falling sales, a spokesman said.
South Korean automaker said Wednesday it is cutting work hours at its Czech Republic plant because of falling European car demand.
Automaker to delay the start of production at its first plant in Argentina for more than six months in latest move to cope with a plunge in sales amid a deepening global downturn.
Korea Automobile Manufacturers Association says production fell 6.4 percent from 2007 to 3.83 million vehicles; production last declined in 2001.
World's largest brewer said Tuesday it plans to close Stag Brewery, a historic 600-year-old brewery on the banks of the river Thames in London.
Automaker is suspending production at all 12 of its Japan plants for 11 days over February and March, a stoppage of unprecedented scale as Toyota grapples with shrinking global demand.
R.L. Stowe Inc. announced Monday the shutdown of its plants in North Carolina and Tennessee, putting a total of about 550 people out of work.
Texas-based unit of United States Steel Corp. says it will stop making certain steel pipes used in the automotive and mining industries in an effort to focus on core businesses.
World's largest maker of construction and mining equipment said the plant, located in North Little Rock, will build motor graders and employ about 600 people.
Drowning in red ink, the fine china and crystal maker has moved most ceramics production to Indonesia to cut costs and now plans the same fate for crystal manufacturing.
Data-storage product maker has shuttered its floppy diskette plant in Wahpeton and will transfer ownership of its buildings to the city this week, the company says.
Serbia subsidiary of Pittsburgh-based U.S. Steel Corp. will substantially reduce production early next year due to the global economic crisis, a company official said Friday.
Final Dodge Durango is expected to roll off the assembly line Friday at Chrysler's Newark assembly plant, putting the remaining 1,100 employees out of work.
China wants to move weak, labor-intensive factories to the interior, which would turn the Guangdong province into the country's auto maker and its Silicon Valley.
Tradition of holiday breaks in the auto industry has lost its luster with extended shutdowns that leave workers wondering what's ahead in 2009.
Semiconductor maker said Wednesday it will eliminate 250 employees and scale back production as it seeks to reduce costs.
Production at Century Aluminum of West Virginia's Ravenswood plant is being cut and may halt altogether because of slumping prices, the company's corporate parent said.
Tire maker says it will close its plant in Albany, Ga., the result of a capacity study of its four plants.
Petrochemical Industries, a Kuwaiti company, and Dow Chemical have delayed a decision on announcing a headquarters site for their joint petrochemicals venture until early next year.
Japanese automaker said Wednesday it would reduce production by a further 78,000 vehicles and cut 500 temporary workers.