Tag #Job Cuts

Showing 145 to 156 of 240 results

faz.net
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Volkswagen Announces 35,000 Job Cuts Amidst Global Market Challenges

Volkswagen Group announced a compromise with the IG Metall union involving 35,000 job cuts over six years to improve competitiveness amid a stagnating global auto market and increased competition, particularly from China, while simultaneously pledging to launch a €20,000 electric vehicle and an elec...

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48% Bias Score

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theguardian.com
🌐 75% Global Worthiness
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Mixed Fortunes for UK Banks Amid Restructuring and Compensation Concerns

UK bank earnings season kicks off Thursday, with NatWest projecting a small profit drop but a return to private ownership by June and potential bonus increases; HSBC faces restructuring, job cuts, and uncertainty, while Lloyds and Barclays grapple with a potential £44bn motor finance commission comp...

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welt.de
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VW Averts Plant Closures, Announces 35,000 Job Cuts

Volkswagen and its works council agreed to a restructuring plan that avoids plant closures and layoffs in Germany until 2030 in exchange for 35,000 job cuts and reduced employee benefits. The deal follows several warning strikes and will be presented to employees at a company meeting.

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40% Bias Score

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welt.de
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Bosch Reports Sharp Profit Drop Amidst Economic Slowdown

Bosch, a German auto supplier and technology company, reported a 33% drop in its 2023 EBIT to €3.2 billion, a 1% revenue decrease to €90.5 billion, and plans to cut over 12,000 jobs globally by 2032 due to weak global economic growth and market delays in future technologies.

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zeit.de
🌐 75% Global Worthiness
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Continental to Close Contitech Plants, 580 Job Losses in Germany

Continental is closing multiple Contitech plants across four German states, impacting 580 jobs (58 in Saxony) due to declining demand in the automotive and brown coal sectors, with plans to consolidate operations and relocate production lines.

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40% Bias Score

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zeit.de
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German Electro-Digital Industry Faces Continued Decline in 2025

Germany's electro- and digital industry anticipates a 2 percent decrease in price-adjusted production in 2025, following a more than 9 percent drop in 2024; the ZVEI president warns of potential job cuts and calls for government intervention to improve competitiveness.

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48% Bias Score

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theguardian.com
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M&S CEO Urges UK Government to Delay Tax and Recycling Charges

Marks & Spencer's CEO calls for a delay or easing of planned UK tax and recycling charges, warning of a £7bn cost increase for retailers this year and claiming the retail industry is being unfairly burdened with poorly planned policies.

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48% Bias Score

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dailymail.co.uk
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Walmart Cuts Hundreds of Jobs, Closes Offices in Restructuring

Walmart is cutting hundreds of jobs and closing offices in North Carolina, New Jersey, and other locations, relocating employees to Arkansas and California to improve collaboration, as part of a larger strategy to centralize its workforce and boost in-person interactions, offering relocation support...

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lefigaro.fr
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Estée Lauder Announces Major Job Cuts Amidst Declining Sales

Estée Lauder announced 5,800 to 7,000 net job cuts by the end of 2026 due to declining global sales, particularly in Asia, resulting in a 19% stock price drop and a $590 million net loss in Q2.

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40% Bias Score

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sueddeutsche.de
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Continental to Close Contitech Plants, 580 Jobs Affected

Continental is closing several Contitech plants in four German states, affecting 580 jobs, including 58 in Saxony, due to decreased demand in the automotive and lignite mining sectors; the company aims to manage the restructuring socially responsibly.

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44% Bias Score

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welt.de
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German Electro-Digital Industry Faces 2025 Job Cuts Amidst Production Decline

Germany's electro- and digital industry faces a 2 percent production drop in 2024, with further job cuts anticipated in 2025 due to persistent economic weakness, prompting calls for governmental intervention to address overregulation, high costs, and boost investor confidence.

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dailymail.co.uk
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Tesco Cuts 400 Jobs Amidst UK Retail Sector Downturn

Tesco will cut 400 jobs and close its Snodland Distribution Centre to improve efficiency amid increased competition, despite record Christmas sales; this follows similar job cuts at Sainsbury's (3,000) and Morrisons (200) due to rising costs from the recent budget and a challenging economic environm...

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40% Bias Score

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Showing 145 to 156 of 240 results