Tag #Job Cuts

Showing 241 to 252 of 302 results

politico.eu
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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.

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52% Bias Score

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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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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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taz.de
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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.

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44% 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
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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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Showing 241 to 252 of 302 results