Tag #Job Cuts

lefigaro.fr
🌐 65% Global Worthiness
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French Regional Newspaper Le Courrier Picard Announces 20% Job Cuts

Le Courrier picard, a French regional newspaper, announced a plan to cut 18 jobs (20% of its staff) in January 2024, eliminating its editing department and impacting other areas due to industry challenges and competition, despite current profitability.

Progress

44% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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Record U.S. Job Cuts in 2024 Amidst Technological Advancements and Economic Uncertainty

U.S. companies announced over 1.5 million job cuts in 2024, a 15-year high excluding 2020, driven by rapid technological advancements and economic shifts; the technology sector led with 133,988 job losses, while government job cuts surged 1,520% due to military reductions.

Progress

40% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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Aviva Acquires Direct Line for £3.7bn, Sparking Job Loss Concerns

Aviva's £3.7bn acquisition of Direct Line, completed on Christmas Day, will create the UK's second-largest car insurer, but will result in 1,650-2,300 job losses and raise concerns about reduced competition and potential price hikes.

Progress

44% Bias Score

Decent Work and Economic Growth
politico.eu
🌐 85% Global Worthiness
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Volkswagen Agrees to 35,000 Job Cuts in Germany

Volkswagen and German unions reached a deal to avoid strikes, resulting in 35,000 job cuts in Germany and plant restructuring, including relocation of some production to Mexico, to improve competitiveness against Chinese rivals and secure €15 billion in annual savings.

Progress

52% Bias Score

Decent Work and Economic Growth
dw.com
🌐 85% Global Worthiness
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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

Decent Work and Economic Growth
abcnews.go.com
🌐 85% Global Worthiness
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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...

Progress

36% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 75% Global Worthiness
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Wayfair Exits German Market, Cuts 730 Jobs to Focus on Physical Retail

Wayfair announced it is exiting the German market and cutting approximately 730 jobs (3% of its global workforce), costing $102 million to $111 million, to focus on higher-return initiatives like physical retail, after 15 years of operation in Germany, where it makes up a low single-digit percentage...

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60% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 75% Global Worthiness
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Microsoft Cuts Fewer Than 2,300 Jobs Due to Performance

Microsoft is cutting less than 1% of its roughly 228,000 employees due to performance issues, a spokesperson confirmed to CNBC, following previous layoffs and amidst a shifting relationship with OpenAI and slower-than-expected Copilot adoption.

Progress

40% Bias Score

Decent Work and Economic Growth
kathimerini.gr
🌐 85% Global Worthiness
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VW, Unions Reach Deal: 35,000 Job Cuts, Production Reduction

Volkswagen and German unions reached a deal on December 20th, averting plant closures and mass layoffs, but involving 35,000 job cuts and a 700,000 vehicle production reduction by 2030 to address shrinking European markets and competition from China.

Progress

24% Bias Score

Decent Work and Economic Growth
taz.de
🌐 85% Global Worthiness
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Volkswagen Averts Plant Closures in Restructuring Deal

Volkswagen and its worker representatives reached a compromise to restructure the company, involving the reduction of over 35,000 jobs and a 25% cut in production capacity, while avoiding plant closures and extending job security until 2030, saving over €15 billion annually.

Progress

44% Bias Score

Decent Work and Economic Growth
welt.de
🌐 85% Global Worthiness
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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.

Progress

48% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 85% Global Worthiness
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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.

Progress

44% Bias Score

Decent Work and Economic Growth