Tag #Job Cuts

Showing 1 to 12 of 240 results

smh.com.au
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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.

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36% Bias Score

Decent Work and Economic Growth
theguardian.com
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ABC Announces Restructuring, Including Q+A Cancellation and Redundancies

ABC managing director Hugh Marks will announce a restructuring on Wednesday, including redundancies and the cancellation of the Q+A program after 18 years, following previous job cuts and a review of resource allocation to improve efficiency and impact.

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56% Bias Score

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dailymail.co.uk
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P&G to Cut 7,000 Jobs Amid Economic Slowdown

Procter & Gamble announced it will cut 7,000 jobs (15 percent of its workforce) over two years due to decreased consumer spending amid economic uncertainty, including Trump's tariffs and geopolitical tensions; this follows a 2 percent drop in net sales in Q1 and is part of a broader restructuring to...

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36% Bias Score

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dw.com
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Volkswagen Announces 20,000 Job Cuts in Germany

Volkswagen announced that around 20,000 of its 130,000 German employees joined a voluntary redundancy program to cut 35,000 jobs by 2030, aiming to improve profitability amid falling electric vehicle demand and competition from Chinese automakers.

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40% Bias Score

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dw.com
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Cologne Ford Strike: 10,000 Workers Protest 2,900 Job Cuts

On May 14, 2024, over 10,000 Ford workers in Cologne, Germany, staged a 24-hour strike—the plant's first official strike—to protest the company's plan to cut 2,900 jobs by 2027, highlighting anxieties in the German auto industry amid economic downturn and the shift to electric vehicles.

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52% Bias Score

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dailymail.co.uk
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£27 Million Spent on Civil Service EDI Initiatives Amidst Planned Job Cuts

The UK Civil Service spent over £27 million on equality, diversity, and inclusion (EDI) initiatives in one year, including salaries for 380 full-time EDI staff and expenses on diversity networks and external organizations, while facing potential job cuts of 50,000.

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76% Bias Score

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bbc.com
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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.

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44% Bias Score

Reduced Inequality
abcnews.go.com
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US Jobless Claims Rise to Eight-Month High Amid Tariff Uncertainty

U.S. jobless claims rose to 247,000 for the week ending May 31, the highest in eight months, exceeding analysts' expectations and signaling a potential cooling of the labor market amid tariff-related economic uncertainty.

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40% Bias Score

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cbsnews.com
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P&G to Cut 7,000 Jobs Amidst Sales Decline

Procter & Gamble announced 7,000 job cuts (15% of its non-manufacturing workforce) over two years due to declining sales ($19.8 billion in Q3, down 2% year-over-year) and a challenging business environment; the company also plans portfolio changes, including possible brand divestitures.

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32% Bias Score

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zeit.de
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Volkswagen Exceeds Job Reduction Target in Restructuring Plan

Volkswagen Group announced that around 20,000 employees have agreed to leave the company by 2030 as part of a restructuring plan, exceeding the initial target and representing over half of the planned job cuts. The plan aims to enhance competitiveness and involves voluntary departures, avoiding comp...

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40% Bias Score

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dw.com
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Ford Cologne Strike: 10,000 Workers Protest 2,900 Job Cuts Amidst European Losses

On May 14th, over 10,000 Ford Cologne employees, fearing 2,900 job cuts, conducted a 24-hour strike—the plant's first official strike—amidst the company's European losses, weak electric vehicle sales, and the impact of global economic conditions and US tariffs.

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48% Bias Score

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forbes.com
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Nissan Announces Massive Restructuring Amidst Plummeting Profits

Nissan, facing a 90% drop in operating profits and weak sales in North America and China, announced 20,000 job cuts, seven factory closures, and a pay freeze; the company is exploring options to raise over 1 trillion yen through debt and asset sales.

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52% Bias Score

Decent Work and Economic Growth

Showing 1 to 12 of 240 results