Tag #Job Cuts

Showing 181 to 192 of 240 results

cnn.com
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Volkswagen Averts Strikes with 35,000 Job Cut Deal

Volkswagen and German unions reached a deal to avert strikes, involving over 35,000 future job cuts and capacity reductions but avoiding immediate site closures or layoffs, after 70 grueling hours of negotiation.

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48% Bias Score

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abcnews.go.com
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VW Averts Plant Closures, Cuts 35,000+ Jobs in Wage Deal

Volkswagen reached a wage deal with its 120,000 German workers, avoiding plant closures until 2030 but involving over 35,000 job cuts through buyouts and early retirement to address lagging sales, rising costs, and Chinese competition; the deal saves VW €1.5 billion yearly in labor costs and €4 bill...

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36% Bias Score

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edition.cnn.com
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Volkswagen Averts Strikes with 35,000 Job Cuts

Volkswagen averted mass strikes in Germany by agreeing to 35,000 future job cuts and capacity reductions, resulting in 15 billion euros in annual savings, following 70 hours of negotiations and major worker strikes.

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40% Bias Score

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zeit.de
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Volkswagen Announces Major Job Cuts and Production Reduction

Volkswagen and the IG Metall union reached a deal to cut over 35,000 jobs and reduce production by 700,000 vehicles annually by 2030, avoiding plant closures but shifting Golf production to Mexico, impacting various locations including Wolfsburg and raising concerns about the future of other plants.

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44% Bias Score

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forbes.com
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White-Collar Job Cuts Reshape US Labor Market

Amidst a shrinking job market, September 2024 saw nearly 500,000 US white-collar job cuts in professional and business services, fueled by high interest rates, AI automation, and corporate restructuring; Google reduced its top management by 10%.

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44% Bias Score

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zeit.de
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VW and IG Metall Reach Deal, Avoiding Layoffs but Cutting 35,000 Jobs

Volkswagen and IG Metall union reached a deal to avoid plant closures and layoffs until 2030, but over 35,000 jobs will be cut through attrition and social programs; this follows the longest negotiation round in VW's history, exceeding 70 hours, with two rounds of strikes involving approximately 100...

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48% Bias Score

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dw.com
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VW Agrees to 35,000 Job Cuts, Avoiding Plant Closures

Volkswagen and the IG Metall union concluded the longest wage negotiations in VW's history, agreeing to cut over 35,000 jobs by 2030 without plant closures or forced layoffs, after over 70 hours of talks in Hanover, Germany.

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36% Bias Score

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welt.de
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Volkswagen Announces 35,000 Job Cuts, Production Shifts Amidst EV Transition

Volkswagen announced plans to cut over 35,000 jobs by 2030, including 4,000 in Wolfsburg, shifting Golf production to Mexico in 2027 while investing in electric vehicles; a job guarantee is in place until 2030, with potential payouts thereafter, and the future of some plants remains uncertain.

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48% Bias Score

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welt.de
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Volkswagen Cuts 35,000 German Jobs in Restructuring Plan

Volkswagen will cut 35,000 jobs in Germany by 2030, shifting production to Mexico and outsourcing software development, to counter lagging competitiveness and declining stock prices while avoiding plant closures.

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44% Bias Score

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sueddeutsche.de
🌐 75% Global Worthiness
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VW Restructuring: 35,000 Job Cuts, Saxon Plants Affected

Volkswagen will cut 35,000 jobs in Germany, impacting its Saxon plants in Zwickau and Dresden; Zwickau will reduce ID model production, while Dresden's Gläserne Manufaktur will stop vehicle production by end of 2025, sparking criticism for disproportionately affecting Eastern Germany.

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48% Bias Score

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welt.de
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VW, IG Metall Reach Deal: Job Cuts in Exchange for Plant Security

After a record-breaking 70-hour negotiation marathon, Volkswagen and IG Metall reached a deal to maintain all VW plants in Germany until 2030, in exchange for wage freezes, bonus cuts, and the elimination of more than 35,000 jobs, with production ending at two plants by 2027.

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44% Bias Score

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sueddeutsche.de
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Brose to Cut 700 Jobs Amidst Revenue Shortfall

German automotive supplier Brose announced it will miss its revenue targets this year, projecting €7.7 billion, 7 percent below plan and 3 percent below last year, due to rising costs and underutilized facilities; the company plans to cut 700 jobs in Germany by 2025 and reduce investments by 20 perc...

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44% Bias Score

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Showing 181 to 192 of 240 results