http://www.execdigital.co.uk/Manufacturing/ Manufacturing news for executives in the UK. Covering issues in economic growth and recession, manufacturing processes, globalisation, jit, emerging technology South Korea moved on Wednesday to help local banks through a cash crunch gripping the global financial system as central banks around the world were expected to cut interest rates again to support their fast flagging economies. http://www.execdigital.co.uk/Manufacturing/Global-recession-pummels-Asia-factories_12143.aspx http://www.execdigital.co.uk/Manufacturing/Global-recession-pummels-Asia-factories_12143.aspx Wed, 03 Dec 2008 09:21:53 GMT MFG Digital UK DETROIT/ A top lawmaker predicted Washington would approve a bailout for U S automakers after they submitted survival plans, and General Motors and Chrysler said they needed an immediate infusion of cash to avoid failures http://www.execdigital.co.uk/Manufacturing/Carmakers-desperate-bailout-plea-gaining-support_12278.aspx http://www.execdigital.co.uk/Manufacturing/Carmakers-desperate-bailout-plea-gaining-support_12278.aspx Wed, 03 Dec 2008 06:23:54 GMT MFG Digital UK Toyota said on Tuesday it will cut management bonuses by 10 percent as the global economic slowdown bites hard and prompts it to reduce production further in Japan http://www.execdigital.co.uk/Manufacturing/Toyota-to-cut-bonuses-as-output-slumps_12212.aspx http://www.execdigital.co.uk/Manufacturing/Toyota-to-cut-bonuses-as-output-slumps_12212.aspx Tue, 02 Dec 2008 12:41:26 GMT MFG Digital UK Tata Steel unit Corus has applied for Dutch government financial aid to temporarily reduce the work hours of 4,600 workers to cope with the global economic slowdown, Dutch news agency ANP reported on Monday. http://www.execdigital.co.uk/Manufacturing/Corus-seen-to-cut-hours-of-4-600-staff_12206.aspx http://www.execdigital.co.uk/Manufacturing/Corus-seen-to-cut-hours-of-4-600-staff_12206.aspx Tue, 02 Dec 2008 09:42:22 GMT MFG Digital UK Manufacturing shrank at a record pace in November after a collapse in new orders, purchasing managers' data from Markit/CIPS showed on Monday. http://www.execdigital.co.uk/Manufacturing/Manufacturing-falls-at-record-pace_12159.aspx http://www.execdigital.co.uk/Manufacturing/Manufacturing-falls-at-record-pace_12159.aspx Mon, 01 Dec 2008 12:27:35 GMT MFG Digital UK The outlook for British manufacturers has deteriorated significantly over the last quarter, a survey showed on Monday, warning conditions in 2009 are set to be some of the toughest for two decades. http://www.execdigital.co.uk/Manufacturing/Manufacturers-face-toughest-year-in-2-decades_12138.aspx http://www.execdigital.co.uk/Manufacturing/Manufacturers-face-toughest-year-in-2-decades_12138.aspx Mon, 01 Dec 2008 08:46:11 GMT MFG Digital UK ArcelorMittal , the world's largest steelmaker, unveiled plans on Thursday to slash up to 9,000 more jobs, saving $1 billion (647 million pounds) a year in response to a deepening global economic downturn http://www.execdigital.co.uk/Manufacturing/ArcelorMittal-unveils-9-000-job-cuts-plan_12014.aspx http://www.execdigital.co.uk/Manufacturing/ArcelorMittal-unveils-9-000-job-cuts-plan_12014.aspx Fri, 28 Nov 2008 06:37:54 GMT MFG Digital UK Roughly 50,000 Daimler staff face a shorter working week from January as slumping demand hits European carmakers http://www.execdigital.co.uk/Manufacturing/Daimler-may-cut-work-week-at-four-German-sites_12026.aspx http://www.execdigital.co.uk/Manufacturing/Daimler-may-cut-work-week-at-four-German-sites_12026.aspx Fri, 28 Nov 2008 06:13:54 GMT MFG Digital UK Global miner BHP Billiton painted a gloomy near-term outlook for metals demand on Thursday as it defended its decision to drop a $66 billion (43 billion pound) bid for rival Rio Tinto . http://www.execdigital.co.uk/Manufacturing/BHP-gloomy-on-short-term_11982.aspx http://www.execdigital.co.uk/Manufacturing/BHP-gloomy-on-short-term_11982.aspx Thu, 27 Nov 2008 13:25:22 GMT MFG Digital UK Global miner Rio Tinto said on Wednesday it was confident it could sell assets worth billions of dollars to pay down massive debt, despite concerns about a lack of buyers, a day after rival BHP Billiton dropped a bid for the firm. http://www.execdigital.co.uk/Manufacturing/BHP-dumps--58-billion-Rio-bid-on-weaker-markets_11832.aspx http://www.execdigital.co.uk/Manufacturing/BHP-dumps--58-billion-Rio-bid-on-weaker-markets_11832.aspx Thu, 27 Nov 2008 02:03:49 GMT MFG Digital UK