Gloria Jeans Closes Rostov Factories, Laying Off 2,000 Workers
Gloria Jeans, Russia's largest clothing producer, is shutting down its Rostov region factories, impacting over 2,000 employees by March 31st, due to outdated technology, rising costs, and competition from cheaper Asian suppliers, triggering a search for new investors by the regional government.
Gloria Jeans Closes Rostov Factories, Laying Off 2,000 Workers
Gloria Jeans, Russia's largest clothing producer, is shutting down its Rostov region factories, impacting over 2,000 employees by March 31st, due to outdated technology, rising costs, and competition from cheaper Asian suppliers, triggering a search for new investors by the regional government.
Progress
48% Bias Score
Porsche-Piëch Backs Volkswagen Plant Closures Amidst Chinese Competition
Facing lagging European sales due to Chinese competition and high labor costs, Volkswagen's majority shareholder, the Porsche-Piëch family, supports plant closures despite the potential for a 40% reduction in its stake and the risk of significant financial repercussions.
Porsche-Piëch Backs Volkswagen Plant Closures Amidst Chinese Competition
Facing lagging European sales due to Chinese competition and high labor costs, Volkswagen's majority shareholder, the Porsche-Piëch family, supports plant closures despite the potential for a 40% reduction in its stake and the risk of significant financial repercussions.
Progress
60% Bias Score
Volkswagen-IG Metall Labor Dispute Intensifies
Labor negotiations between Volkswagen and IG Metall are tense, with significant disagreements over wages, bonuses, and potential factory closures. Large-scale protests are planned, and the possibility of strikes looms large.
Volkswagen-IG Metall Labor Dispute Intensifies
Labor negotiations between Volkswagen and IG Metall are tense, with significant disagreements over wages, bonuses, and potential factory closures. Large-scale protests are planned, and the possibility of strikes looms large.
Progress
40% Bias Score
French Workers Protest Job Losses Amidst Economic Hardship
Workers in France protest job losses and factory closures at Michelin and other companies, highlighting social and economic challenges.
French Workers Protest Job Losses Amidst Economic Hardship
Workers in France protest job losses and factory closures at Michelin and other companies, highlighting social and economic challenges.
Progress
40% Bias Score
Volkswagen-IG Metall Talks Stall Amidst Cost-Cutting Dispute
Negotiations between Volkswagen and its union, IG Metall, have stalled after four days, failing to resolve cost-cutting measures amid falling European sales and increased Chinese competition; the Porsche-Piëch family, the majority stakeholder, supports factory closures, while the union suggests cutt...
Volkswagen-IG Metall Talks Stall Amidst Cost-Cutting Dispute
Negotiations between Volkswagen and its union, IG Metall, have stalled after four days, failing to resolve cost-cutting measures amid falling European sales and increased Chinese competition; the Porsche-Piëch family, the majority stakeholder, supports factory closures, while the union suggests cutt...
Progress
48% Bias Score
Volkswagen-IG Metall Talks Continue Amid Threat of Major Strikes
Volkswagen and IG Metall union are in crunch talks to avert major strikes in 2025 over potential factory closures and mass layoffs in Germany, with a possible pre-Christmas deal under negotiation amid intense pressure from investors.
Volkswagen-IG Metall Talks Continue Amid Threat of Major Strikes
Volkswagen and IG Metall union are in crunch talks to avert major strikes in 2025 over potential factory closures and mass layoffs in Germany, with a possible pre-Christmas deal under negotiation amid intense pressure from investors.
Progress
36% Bias Score
Beko to Close Italian Factories, 1,935 Jobs at Risk
Beko Europe announces the closure of two factories in Italy, leading to significant job losses. The company plans to restructure its Italian operations, investing in research and development but impacting 1,935 employees.
Beko to Close Italian Factories, 1,935 Jobs at Risk
Beko Europe announces the closure of two factories in Italy, leading to significant job losses. The company plans to restructure its Italian operations, investing in research and development but impacting 1,935 employees.
Progress
32% Bias Score