Tag #Job Cuts

Showing 157 to 168 of 179 results

sueddeutsche.de

🌐 75% Global Worthiness

Dec 4, 19:08

Baywa AG Announces Restructuring Plan to Address €5 Billion Debt

Baywa AG, facing a €5 billion debt and €640 million loss in 2023, announced a restructuring plan involving 40% job cuts at its Munich headquarters and the sale of international assets to secure €1 billion in funding and return to profitability by 2027.

Baywa AG Announces Restructuring Plan to Address €5 Billion Debt

Baywa AG, facing a €5 billion debt and €640 million loss in 2023, announced a restructuring plan involving 40% job cuts at its Munich headquarters and the sale of international assets to secure €1 billion in funding and return to profitability by 2027.

Progress

60% Bias Score

ShareSaveArticle

12345678

Previous 1 of 8 Next

What specific actions is Baywa AG taking to address its financial crisis and ensure long-term stability?

The Baywa AG, a German agricultural and building materials company, is undergoing a restructuring process involving significant job cuts and divestments to address a substantial debt burden exceeding €5 billion and recent losses of €640 million. This restructuring will primarily focus on streamlining administrative functions in its Munich headquarters, impacting 40% of the planned job reductions. The company aims to reduce its global workforce of over 25,000 employees.

lemonde.fr

🌐 85% Global Worthiness

Dec 3, 12:14

Stellantis's Turin Plant Job Cuts Reflect European Auto Industry Crisis

Stellantis's Mirafiori plant in Turin, Italy, has placed 3,200 workers on technical unemployment due to low vehicle demand and the slow sales of electric vehicles, reflecting the broader European auto industry crisis and the challenges of transitioning to electric vehicles.

Stellantis's Turin Plant Job Cuts Reflect European Auto Industry Crisis

Stellantis's Mirafiori plant in Turin, Italy, has placed 3,200 workers on technical unemployment due to low vehicle demand and the slow sales of electric vehicles, reflecting the broader European auto industry crisis and the challenges of transitioning to electric vehicles.

Progress

60% Bias Score

ShareSaveArticle

12345678

Previous 1 of 8 Next

What are the immediate consequences of the Stellantis job cuts at the Mirafiori plant in Turin?

Stellantis, the successor to Fiat, has placed approximately 3,200 Mirafiori plant workers on technical unemployment since September due to low vehicle demand and slow electric vehicle sales. This exemplifies the broader European auto industry crisis marked by job cuts at major companies like Volkswagen, Ford, Bosch, and Valeo.

dw.com

🌐 85% Global Worthiness

Dec 1, 16:49

Volkswagen Faces Widespread Strikes Amidst Job Cut Dispute

Negotiations between Volkswagen and IG Metall union over job cuts and wage reductions have collapsed, leading to planned widespread strikes at all Volkswagen plants in Germany starting Monday, impacting approximately 120,000 employees.

Volkswagen Faces Widespread Strikes Amidst Job Cut Dispute

Negotiations between Volkswagen and IG Metall union over job cuts and wage reductions have collapsed, leading to planned widespread strikes at all Volkswagen plants in Germany starting Monday, impacting approximately 120,000 employees.

Progress

44% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the immediate consequences of the planned strikes at Volkswagen plants in Germany?

VW is demanding a 10% wage cut from its roughly 120,000 employees in Germany, threatening plant closures and mass layoffs if negotiations fail. IG Metall, the workers' union, has responded by calling for widespread strikes across all VW plants, starting Monday, to oppose these cuts and any plant closures.

zeit.de

🌐 65% Global Worthiness

Nov 22, 16:17

Bosch to Cut Thousands of Jobs Amidst Auto Industry Crisis

Bosch announces plans to cut up to 5,550 jobs due to the automotive industry crisis, sparking strong criticism from labor unions.

Bosch to Cut Thousands of Jobs Amidst Auto Industry Crisis

Bosch announces plans to cut up to 5,550 jobs due to the automotive industry crisis, sparking strong criticism from labor unions.

Progress

28% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the main reasons behind Bosch's decision to cut jobs?

Bosch plans to cut up to 5,550 jobs in the coming years, with over 3,800 of those cuts in Germany, due to the crisis in the automotive industry.

welt.de

🌐 75% Global Worthiness

Nov 21, 22:03

VW-IG Metall Labor Dispute Intensifies

Labor dispute at Volkswagen escalates as IG Metall prepares for major strikes in December due to unresolved disagreements over job cuts and plant closures.

VW-IG Metall Labor Dispute Intensifies

Labor dispute at Volkswagen escalates as IG Metall prepares for major strikes in December due to unresolved disagreements over job cuts and plant closures.

Progress

28% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What actions is IG Metall taking to pressure Volkswagen in negotiations?

Negotiations have stalled despite three rounds of talks, prompting IG Metall to prepare for warning strikes starting December 1st, once the peace obligation expires. VW has agreed to negotiate based on IG Metall's proposal, but significant disagreements persist regarding job cuts and plant closures.

kathimerini.gr

🌐 60% Global Worthiness

Nov 19, 19:37

AP Announces 8% Workforce Reduction

The Associated Press, a major international news agency, is cutting 8% of its workforce in response to the changing media landscape and economic challenges in the news industry.

AP Announces 8% Workforce Reduction

The Associated Press, a major international news agency, is cutting 8% of its workforce in response to the changing media landscape and economic challenges in the news industry.

Progress

24% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

How will the workforce reduction impact the AP's news operations?

The AP will initially offer a voluntary departure and retirement program before eliminating positions, impacting approximately half of the news sector.

lemonde.fr

🌐 75% Global Worthiness

Dec 4, 22:10

MMG to Cut 1,428 Jobs at CCF in Restructuring Plan

My Money Group (MMG) announced a plan to cut 1,428 jobs (36% of its workforce) at its French subsidiary, Crédit Commercial de France (CCF), reducing the number of agencies from 235 to 151, prioritizing voluntary departures but not excluding forced ones; the decision is based on geographic coverage, ...

MMG to Cut 1,428 Jobs at CCF in Restructuring Plan

My Money Group (MMG) announced a plan to cut 1,428 jobs (36% of its workforce) at its French subsidiary, Crédit Commercial de France (CCF), reducing the number of agencies from 235 to 151, prioritizing voluntary departures but not excluding forced ones; the decision is based on geographic coverage, ...

Progress

48% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What is the extent of the job cuts at CCF, and what are the key factors driving this restructuring?

My Money Group (MMG), owner of the French subsidiary of HSBC since January 1, 2024, announced a restructuring plan that will reduce its workforce by 1,428 employees (36%), decreasing the number of agencies from 235 to 151. The plan, which involves 100 million euros in investments, prioritizes voluntary departures but doesn't rule out forced departures. The reduction is expected to be completed between Q3 2025 and the end of 2026.

lefigaro.fr

🌐 85% Global Worthiness

Dec 2, 17:12

Stellantis CEO Carlos Tavares Resigns Amid Union Criticism

Stellantis CEO Carlos Tavares resigned on Sunday following weeks of pressure from labor unions criticizing his management style and job cuts; his successor will be named in the first half of 2025.

Stellantis CEO Carlos Tavares Resigns Amid Union Criticism

Stellantis CEO Carlos Tavares resigned on Sunday following weeks of pressure from labor unions criticizing his management style and job cuts; his successor will be named in the first half of 2025.

Progress

48% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the immediate consequences of Carlos Tavares's resignation for Stellantis and its employees?

Carlos Tavares, Stellantis CEO, resigned on Sunday, prompting mixed reactions. Labor unions like the UAW celebrated his departure, citing his management style and job cuts. However, some French unions expressed concern about the resulting leadership vacuum.

liberation.fr

🌐 75% Global Worthiness

Nov 30, 17:06

Decathlon to Pay €1 Billion Dividend Amidst Union Criticism and Job Cuts

Decathlon will pay its shareholder, the Mulliez family association, €1 billion in dividends for 2024, sparking criticism from unions amid job cuts at other Mulliez-owned companies like Auchan.

Decathlon to Pay €1 Billion Dividend Amidst Union Criticism and Job Cuts

Decathlon will pay its shareholder, the Mulliez family association, €1 billion in dividends for 2024, sparking criticism from unions amid job cuts at other Mulliez-owned companies like Auchan.

Progress

48% Bias Score

ShareSaveArticle

12345678

Previous 1 of 8 Next

How does Decathlon's dividend decision relate to recent job losses within other companies under the Mulliez family umbrella?

The €1 billion dividend payout to the Mulliez family from Decathlon comes amidst concerns over job cuts at other Mulliez-owned companies, such as the 2,389 job losses announced at Auchan. The unions argue this highlights a disparity between profit distribution and investment in employee well-being. This situation underscores broader societal questions regarding corporate social responsibility and the distribution of wealth.

us.cnn.com

🌐 75% Global Worthiness

Nov 21, 01:03

Ford to Cut 4,000 Jobs in Europe

Ford announces plans to cut nearly 4,000 jobs in Europe due to slow electric vehicle demand and Chinese competition.

Ford to Cut 4,000 Jobs in Europe

Ford announces plans to cut nearly 4,000 jobs in Europe due to slow electric vehicle demand and Chinese competition.

Progress

24% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the primary reasons behind Ford's decision to cut jobs in Europe?

Ford is cutting almost 4,000 jobs in Europe, about 14% of its workforce, due to slowing electric vehicle demand and competition from China.

dailymail.co.uk

🌐 75% Global Worthiness

Nov 19, 04:03

Boeing to Slash 17,000 Jobs Amidst Crisis

Boeing announces 17,000 job cuts, impacting Washington and Oregon, as it grapples with financial difficulties, legal issues, and production challenges.

Boeing to Slash 17,000 Jobs Amidst Crisis

Boeing announces 17,000 job cuts, impacting Washington and Oregon, as it grapples with financial difficulties, legal issues, and production challenges.

Progress

24% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

How are the layoffs affecting Boeing's employees and unions?

The layoffs affect engineers and production workers, impacting major unions like SPEEA and IAM. Workers will receive severance and remain on payroll until January 17, 2025, due to federal regulations.

theguardian.com

🌐 65% Global Worthiness

Nov 18, 22:18

AP to Cut 8% of Workforce

The Associated Press plans to cut its workforce by 8% through buyouts and layoffs to adapt to industry challenges and invest in its digital future.

AP to Cut 8% of Workforce

The Associated Press plans to cut its workforce by 8% through buyouts and layoffs to adapt to industry challenges and invest in its digital future.

Progress

24% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

How will the reduction in workforce be implemented?

The reduction will be achieved through a combination of voluntary buyouts and layoffs, affecting approximately 8% of the company's employees, with fewer than half of those changes impacting the news division.

Showing 157 to 168 of 179 results