Tag #Job Cuts

Showing 1 to 12 of 250 results

sueddeutsche.de
🌐 85% Global Worthiness
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Thyssenkrupp Steel Agrees to Restructuring Plan with Significant Employee Pay Cuts and Job Losses

Germany's largest steel producer, Thyssenkrupp Steel Europe, is undergoing a major restructuring involving an 8% pay cut for 26,300 employees, the elimination of holiday bonuses and other payments, 5300 job cuts, and a reduction in production capacity to address economic challenges and competition.

Progress

48% Bias Score

Decent Work and Economic Growth
dw.com
🌐 75% Global Worthiness
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Daimler Truck to Cut 5,000 German Jobs by 2030

Daimler Truck announced 5,000 job cuts in Germany by 2030 to improve profitability following a 5% drop in Q2 sales, aiming to save over €1 billion annually through the "Cost Down Europe" program, primarily using attrition and early retirement.

Progress

44% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 85% Global Worthiness
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Daimler Truck to Cut 5,000 Jobs in Germany to Boost Profitability

Daimler Truck plans to cut around 5,000 jobs in Germany by 2030 to improve profitability, following decreased sales due to weak European economic conditions and a decline in orders from freight companies; the company aims to increase its operating margin to over 12% by 2030.

Progress

40% Bias Score

Decent Work and Economic Growth
nos.nl
🌐 65% Global Worthiness
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Wehkamp Cuts 10% of Workforce Amidst Financial Losses

Dutch online retailer Wehkamp is cutting 103 jobs (10% of its workforce) at its Zwolle and Hilversum offices to simplify the organization and address three years of financial losses, totaling nearly €8.7 million last year.

Progress

40% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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UPS Announces 20,000 Job Cuts and Facility Closures

UPS is offering voluntary buyouts to its US drivers following the announcement of 20,000 job cuts and 73 facility closures, part of a \$3.5 billion cost-reduction plan aiming for a 12 percent US operational margin by next year; this follows the company's decision to halve Amazon deliveries and comes...

Progress

44% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 75% Global Worthiness
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Qantas to Close Jetstar Asia, Citing Rising Costs and Increased Competition

Qantas announced the closure of its low-cost carrier Jetstar Asia by July 31, resulting in a $25 million loss and 500 job cuts due to rising costs and increased competition; the airline's thirteen A320 planes will be redeployed to Australia and New Zealand.

Progress

36% Bias Score

Decent Work and Economic Growth
sueddeutsche.de
🌐 85% Global Worthiness
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Thyssenkrupp Steel Agrees to Restructuring Plan with Significant Employee Concessions

Germany's largest steelmaker, Thyssenkrupp Steel Europe, and the IG Metall union agreed to a restructuring plan involving an eight percent average pay cut for 26,300 employees, 5,300 job cuts by 2028, plant closures, and reduced production capacity to address economic difficulties, high energy costs...

Progress

44% Bias Score

Decent Work and Economic Growth
dw.com
🌐 75% Global Worthiness
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Daimler Truck to Cut 5,000 German Jobs by 2030

Daimler Truck announced it will cut 5,000 jobs in Germany by 2030 to improve profitability following a 5% drop in second-quarter sales, aiming to save over €1 billion annually through the "Cost Down Europe" program, primarily using attrition and early retirement, with no forced layoffs until 2034.

Progress

32% Bias Score

Decent Work and Economic Growth
welt.de
🌐 75% Global Worthiness
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Daimler Truck Launches €1 Billion Cost-Cutting Program, Targeting Increased Profitability

Daimler Truck aims to increase its operating margin from 8.9% to over 12% by 2030 through a €1 billion cost-cutting program involving potential job reductions (around 5,000) and production relocation, following decreased 2024 profits and a competitive challenge by the supervisory board.

Progress

44% Bias Score

Decent Work and Economic Growth
welt.de
🌐 85% Global Worthiness
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Thyssenkrupp Faces Union Backlash Over Proposed Steel Division Cuts

Thyssenkrupp's management proposed eliminating holiday and Christmas bonuses, implementing a pay freeze, and reducing weekly working hours from 34 to 33 without compensation, prompting strong criticism from IG Metall amid a planned reduction of 11,000 jobs.

Progress

48% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Microsoft Lays Off 9,000 Employees in Restructuring Focused on AI

Microsoft announced layoffs of approximately 9,000 employees, or about 4% of its workforce from a year ago, impacting its Xbox gaming division and other departments as part of a restructuring focused on AI and cloud computing; this follows a previous layoff of 6,000 employees in May.

Progress

48% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 75% Global Worthiness
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Bangor University Vice Chancellor's £30,000 Pay Rise Amidst Job Cuts

Bangor University's vice chancellor received a £30,000 pay rise to £273,000 in 2023/24, while the university is cutting 78 jobs due to financial challenges, sparking criticism from the UCU union.

Progress

44% Bias Score

Reduced Inequality

Showing 1 to 12 of 250 results