Tag #Job Cuts

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welt.de

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Dec 10, 16:13

German EV Sales Slump Prompts Calls for EU-Wide Incentives

The end of Germany's electric vehicle purchase incentive has caused a slump in sales, leading to job cuts at Ford's Cologne plant and calls for EU-wide incentives or national support, despite political hurdles.

German EV Sales Slump Prompts Calls for EU-Wide Incentives

The end of Germany's electric vehicle purchase incentive has caused a slump in sales, leading to job cuts at Ford's Cologne plant and calls for EU-wide incentives or national support, despite political hurdles.

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What are the underlying reasons for the slow sales of electric vehicles in Germany, and how do these factors relate to Ford's challenges and job cuts?

The decline in electric vehicle sales is attributed to the end of government subsidies and weak market conditions. Ford's job cuts exemplify the difficulties of transitioning to electric vehicles and the high prices of these vehicles. This situation underscores the need for a comprehensive European strategy to support the industry's transformation.

fr.euronews.com

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Dec 9, 22:09

Volkswagen Faces Strikes Amidst €10 Billion Cost-Cutting Demands in Germany

Volkswagen is negotiating with unions in Germany to prevent plant closures and a 10% salary cut, facing a €10 billion cost-reduction goal amid weak European demand and Chinese competition; strikes have already affected nine sites.

Volkswagen Faces Strikes Amidst €10 Billion Cost-Cutting Demands in Germany

Volkswagen is negotiating with unions in Germany to prevent plant closures and a 10% salary cut, facing a €10 billion cost-reduction goal amid weak European demand and Chinese competition; strikes have already affected nine sites.

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What are the immediate consequences of the ongoing labor dispute at Volkswagen in Germany?

"Volkswagen and its unions are in negotiations to prevent factory closures and salary cuts, impacting thousands of German workers. The company seeks €10 billion in cost reductions, while unions proposed €1.5 billion in savings through dividend and bonus cuts, which the company rejected. Strikes have already occurred, affecting nine German sites."

theguardian.com

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Dec 8, 16:08

Facebook UK Cuts 700 Jobs, Reduces Tax Bill Amidst Global Restructuring

Facebook's UK branch cut 700 jobs in 2023, costing £79m, reducing its tax bill to 12% of pre-tax profits, after a global revenue decline forced cost-cutting measures by parent company Meta.

Facebook UK Cuts 700 Jobs, Reduces Tax Bill Amidst Global Restructuring

Facebook's UK branch cut 700 jobs in 2023, costing £79m, reducing its tax bill to 12% of pre-tax profits, after a global revenue decline forced cost-cutting measures by parent company Meta.

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What were the immediate consequences of Meta's cost-cutting measures in the UK, and what is their global significance?

Facebook's UK branch cut 700 jobs (10% of its workforce) in 2023, costing £79m, as part of a global cost-cutting measure following a revenue decline. This resulted in a reduced UK tax bill to 12% of pre-tax profits. The cuts disproportionately affected sales, administration, and marketing teams.

repubblica.it

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Dec 7, 19:06

Stellantis Cuts 97 Jobs Amidst Italian Plant Restructuring

Stellantis terminated its contract with logistics firm Trasnova, causing 97 job losses in Italy; the company cites cost-cutting amid industry-wide challenges from European regulations, Chinese competition, and declining demand, while discussions are ongoing with the Italian government and unions to ...

Stellantis Cuts 97 Jobs Amidst Italian Plant Restructuring

Stellantis terminated its contract with logistics firm Trasnova, causing 97 job losses in Italy; the company cites cost-cutting amid industry-wide challenges from European regulations, Chinese competition, and declining demand, while discussions are ongoing with the Italian government and unions to ...

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How do Stellantis' challenges relate to broader trends in the automotive industry, and what strategies are being employed to address these challenges?

Stellantis' actions reflect broader industry challenges: European regulations, Chinese competition, and declining demand since 2019. The termination of the Trasnova contract showcases Stellantis' efforts to manage costs amidst a complex transition to electric vehicles, a move affecting suppliers and workers.

theglobeandmail.com

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Dec 5, 01:10

Airbus Cuts 2,043 Defence and Space Jobs Amidst Restructuring

Airbus is cutting 2,043 jobs (5%) in its Defence and Space division, mainly in Space Systems due to €1.5 billion in satellite writedowns, impacting Germany (689), France (540), Britain (477), and Spain (303) by mid-2026, as part of restructuring plan "Project Proton" to counter low-Earth-orbit satel...

Airbus Cuts 2,043 Defence and Space Jobs Amidst Restructuring

Airbus is cutting 2,043 jobs (5%) in its Defence and Space division, mainly in Space Systems due to €1.5 billion in satellite writedowns, impacting Germany (689), France (540), Britain (477), and Spain (303) by mid-2026, as part of restructuring plan "Project Proton" to counter low-Earth-orbit satel...

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What is the impact of increased competition from low-Earth-orbit satellite constellations on Europe's aerospace industry?

Airbus announced 2,043 job cuts, 5% of its Defence and Space division, mainly impacting its Space Systems business due to significant satellite losses. This follows €1.5 billion in writedowns, primarily from the troubled OneSat project. The cuts will be implemented by mid-2026 and primarily affect white-collar and management positions.

welt.de

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Dec 5, 21:05

Airbus Cuts 2,043 Jobs in Defense and Space Division

Airbus reduced its planned job cuts in the defense and space division to 2,043 positions, affecting 689 jobs in Germany and 1,354 in other European countries, with no compulsory redundancies.

Airbus Cuts 2,043 Jobs in Defense and Space Division

Airbus reduced its planned job cuts in the defense and space division to 2,043 positions, affecting 689 jobs in Germany and 1,354 in other European countries, with no compulsory redundancies.

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What are the primary reasons for the job cuts, and which sectors are most significantly impacted?

The decrease in jobs is primarily attributed to decreased profitability in the spaceflight sector, facing challenges from increased competition and evolving technologies, particularly from SpaceX. The restructuring aims to enhance efficiency and adaptability in a rapidly changing market.

it.euronews.com

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Dec 9, 22:09

Stellantis Layoffs Spark Italian Protests

On Tuesday, Stellantis workers will protest 97 layoffs at Trasnova in Rome, coinciding with a Mimit meeting; further layoffs are planned at Melfi's Teknoservice and Logitech by January 2, 2025, prompting government intervention and highlighting broader industry challenges.

Stellantis Layoffs Spark Italian Protests

On Tuesday, Stellantis workers will protest 97 layoffs at Trasnova in Rome, coinciding with a Mimit meeting; further layoffs are planned at Melfi's Teknoservice and Logitech by January 2, 2025, prompting government intervention and highlighting broader industry challenges.

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What are the immediate consequences of the 97 Stellantis layoffs at Trasnova, and how does this impact the Italian automotive industry?

Stellantis faces protests in Rome on Tuesday due to 97 layoffs at its logistics subsidiary, Trasnova, resulting from a contract's non-renewal. Workers from Turin, Cassino, Pomigliano, and Melfi will gather before the Ministry of Enterprise and Made in Italy (Mimit) during a scheduled meeting. Further layoffs are anticipated at Teknoservice and Logitech, impacting 90 of 400 employees by January 2, 2025.

zeit.de

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Dec 9, 19:09

Continental to Spin Off Automotive Division by 2025

Continental, a German automotive supplier, will spin off its underperforming automotive division by the end of 2025, involving 7,150 job cuts and €400 million in annual cost reductions, to create a "leaner" company focused on its profitable tire business.

Continental to Spin Off Automotive Division by 2025

Continental, a German automotive supplier, will spin off its underperforming automotive division by the end of 2025, involving 7,150 job cuts and €400 million in annual cost reductions, to create a "leaner" company focused on its profitable tire business.

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What is the immediate impact of Continental's decision to spin off its automotive division?

Continental, a German automotive supplier, plans to spin off its struggling automotive division by the end of 2025. This division includes electronics, brakes, and interiors. The move follows years of losses and a current restructuring program cutting 7,150 jobs to reduce costs by €400 million annually.

sueddeutsche.de

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Dec 8, 19:07

DB Cargo to Cut 5,000 Jobs by 2029

DB Cargo, the freight division of Deutsche Bahn, will cut 5,000 jobs by 2029 due to economic forecasts and EU-mandated profitability targets, exceeding initial plans and drawing criticism from the EVG union.

DB Cargo to Cut 5,000 Jobs by 2029

DB Cargo, the freight division of Deutsche Bahn, will cut 5,000 jobs by 2029 due to economic forecasts and EU-mandated profitability targets, exceeding initial plans and drawing criticism from the EVG union.

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What is the extent of the job cuts planned at DB Cargo, and what are the immediate consequences?

"DB Cargo, the freight transport division of Deutsche Bahn, will cut 5,000 jobs by 2029, far exceeding initial plans. This follows the company's ongoing transformation and reflects current economic forecasts. The job losses will impact both administrative and operational areas."

lemonde.fr

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Dec 6, 22:11

Airbus DS to Cut 2,043 Jobs Amidst Satellite Project Setbacks

Airbus Defence and Space is cutting 2,043 jobs globally by mid-2026, with significant losses in France and Germany, due to €1.6 billion in provisions from satellite development setbacks; the CGT union protests the plan, citing high workload and future projects.

Airbus DS to Cut 2,043 Jobs Amidst Satellite Project Setbacks

Airbus Defence and Space is cutting 2,043 jobs globally by mid-2026, with significant losses in France and Germany, due to €1.6 billion in provisions from satellite development setbacks; the CGT union protests the plan, citing high workload and future projects.

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What are the immediate consequences of Airbus DS's "Proton" restructuring plan for employees in France and Germany?

Airbus Defence and Space (Airbus DS) plans to cut 2,043 jobs by mid-2026, impacting sites in France and Germany the most. This follows €1.6 billion in provisions due to satellite development delays and cost overruns. The job cuts are particularly concerning for employees who have already faced previous restructuring.

welt.de

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Dec 5, 21:05

ETAS to Cut 400 Jobs Amidst Automotive Industry Crisis

Bosch subsidiary ETAS plans to cut up to 400 jobs globally by 2026 due to weak demand for intelligent driver assistance systems and the overall automotive industry crisis; this impacts approximately one-eighth of its workforce, with details on German job losses pending negotiations.

ETAS to Cut 400 Jobs Amidst Automotive Industry Crisis

Bosch subsidiary ETAS plans to cut up to 400 jobs globally by 2026 due to weak demand for intelligent driver assistance systems and the overall automotive industry crisis; this impacts approximately one-eighth of its workforce, with details on German job losses pending negotiations.

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What is the impact of the automotive industry crisis on Bosch subsidiary ETAS's workforce?

Bosch subsidiary ETAS, specializing in vehicle software, will cut up to 400 jobs globally over the next three years due to the automotive industry crisis. This represents about one-eighth of its 3,100 employees. The exact number depends on negotiations with employee representatives.

zeit.de

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Dec 5, 21:05

Airbus Cuts 2,043 Defense and Space Jobs

Airbus reduced its planned job cuts in the defense and space division to 2,043 by mid-2026, affecting 689 jobs in Germany and 1,354 in the UK, France, and Spain, with no compulsory redundancies; the restructuring aims to improve competitiveness in a changing satellite market.

Airbus Cuts 2,043 Defense and Space Jobs

Airbus reduced its planned job cuts in the defense and space division to 2,043 by mid-2026, affecting 689 jobs in Germany and 1,354 in the UK, France, and Spain, with no compulsory redundancies; the restructuring aims to improve competitiveness in a changing satellite market.

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What is the overall impact of Airbus' job reduction plan on its European workforce and which countries are most affected?

Airbus announced a smaller-than-expected job reduction of 2,043 positions in its defense and space division by mid-2026, affecting 689 jobs in Germany and 1,354 across the UK, France, and Spain. No compulsory redundancies are planned. The cuts primarily impact administrative and spaceflight sectors.

Showing 265 to 276 of 302 results