Showing 25 to 36 of 185 results
Deutsche Bank to Cut 2,000 Jobs Amidst German Economic Slowdown
Deutsche Bank, Germany's largest bank, announced plans to cut 2,000 jobs and close numerous branches in 2024 due to decreased profits, part of a broader trend of cost-cutting measures impacting major German companies amidst an economic slowdown.
Deutsche Bank to Cut 2,000 Jobs Amidst German Economic Slowdown
Deutsche Bank, Germany's largest bank, announced plans to cut 2,000 jobs and close numerous branches in 2024 due to decreased profits, part of a broader trend of cost-cutting measures impacting major German companies amidst an economic slowdown.
Progress
20% Bias Score
Santander UK to Close 95 Branches, Cut 750 Jobs
Santander UK announced the closure of 95 branches and reduction of hours at 36 more, putting 750 jobs at risk due to increased digital banking usage, leading to a decrease in branch transactions by 61% since 2019.
Santander UK to Close 95 Branches, Cut 750 Jobs
Santander UK announced the closure of 95 branches and reduction of hours at 36 more, putting 750 jobs at risk due to increased digital banking usage, leading to a decrease in branch transactions by 61% since 2019.
Progress
44% Bias Score
Audi to Cut 7,500 German Jobs Amidst Declining China Sales
Audi will cut 7,500 jobs in Germany by 2029 to improve competitiveness, investing €8 billion in German plants while facing declining sales in China due to increased competition; this follows a similar move by Volkswagen and reflects struggles in the German auto industry.
Audi to Cut 7,500 German Jobs Amidst Declining China Sales
Audi will cut 7,500 jobs in Germany by 2029 to improve competitiveness, investing €8 billion in German plants while facing declining sales in China due to increased competition; this follows a similar move by Volkswagen and reflects struggles in the German auto industry.
Progress
44% Bias Score
Baywa Restructures Green Energy Subsidiary, Averts Equity Crisis
The Baywa Group announced a revised rescue plan for its struggling green energy subsidiary, Baywa r.e., securing €435 million in new loans and spinning off its stake to avoid negative equity and a potential shareholder meeting; this follows a €640 million net loss in the first nine months of 2024 an...
Baywa Restructures Green Energy Subsidiary, Averts Equity Crisis
The Baywa Group announced a revised rescue plan for its struggling green energy subsidiary, Baywa r.e., securing €435 million in new loans and spinning off its stake to avoid negative equity and a potential shareholder meeting; this follows a €640 million net loss in the first nine months of 2024 an...
Progress
40% Bias Score
EY Cuts 30 Partners Amid Consulting Downturn
EY is cutting 30 partners, its largest single cut in decades, due to a 4 percent decline in consulting revenue and a 5 percent drop in average partner profits to £723,000, reflecting decreased client spending caused by inflation and rising interest rates, impacting the firm's overall strategy and th...
EY Cuts 30 Partners Amid Consulting Downturn
EY is cutting 30 partners, its largest single cut in decades, due to a 4 percent decline in consulting revenue and a 5 percent drop in average partner profits to £723,000, reflecting decreased client spending caused by inflation and rising interest rates, impacting the firm's overall strategy and th...
Progress
40% Bias Score
Tate Cuts 7% of Workforce Due to Pandemic Funding Deficit
Facing a pandemic-related funding deficit, Tate, a British arts institution with four galleries, is cutting 7% of its workforce (about 40 roles) through voluntary departures and recruitment freezes to achieve financial stability, despite domestic visitor numbers returning to pre-pandemic levels.
Tate Cuts 7% of Workforce Due to Pandemic Funding Deficit
Facing a pandemic-related funding deficit, Tate, a British arts institution with four galleries, is cutting 7% of its workforce (about 40 roles) through voluntary departures and recruitment freezes to achieve financial stability, despite domestic visitor numbers returning to pre-pandemic levels.
Progress
36% Bias Score
Audi profit plunges 33%, prompting 7,500 job cuts
Audi's 2024 profits fell 33% to €4.2 billion, leading to a planned reduction of 7,500 jobs by 2029, primarily administrative roles, while investing €8 billion in German plants for electric vehicle production; the company cites parts shortages, reduced Chinese demand, and the Brussels plant closure a...
Audi profit plunges 33%, prompting 7,500 job cuts
Audi's 2024 profits fell 33% to €4.2 billion, leading to a planned reduction of 7,500 jobs by 2029, primarily administrative roles, while investing €8 billion in German plants for electric vehicle production; the company cites parts shortages, reduced Chinese demand, and the Brussels plant closure a...
Progress
36% Bias Score
Legal Challenge Blocks Student Loan Payment Relief Amid Rising Job Cuts
A U.S. appeals court decision blocked the Biden administration's new income-driven repayment (IDR) plan, leaving over 40 million American student loan borrowers with limited options for payment relief as job cuts rise, and the total outstanding debt exceeds \$1.6 trillion.
Legal Challenge Blocks Student Loan Payment Relief Amid Rising Job Cuts
A U.S. appeals court decision blocked the Biden administration's new income-driven repayment (IDR) plan, leaving over 40 million American student loan borrowers with limited options for payment relief as job cuts rise, and the total outstanding debt exceeds \$1.6 trillion.
Progress
36% Bias Score
Audi to Cut 7,500 German Jobs by 2029
Audi announced 7,500 job cuts in Germany by 2029, primarily in administration and development, to improve efficiency and avoid compulsory redundancies until 2033, despite a previous proposal for 12,000 job cuts. Employee profit sharing will be reduced to offset costs.
Audi to Cut 7,500 German Jobs by 2029
Audi announced 7,500 job cuts in Germany by 2029, primarily in administration and development, to improve efficiency and avoid compulsory redundancies until 2033, despite a previous proposal for 12,000 job cuts. Employee profit sharing will be reduced to offset costs.
Progress
44% Bias Score
Bosch Home Comfort Group Reports 12.5% Revenue Drop in 2024
Bosch Home Comfort Group reported a €4.4 billion revenue in 2024, a 12.5 percent decrease year-on-year due to low consumer spending and investment; however, it outperformed the industry decline and expects growth to resume from 2026, supported by a planned acquisition of parts of Johnson Controls' b...
Bosch Home Comfort Group Reports 12.5% Revenue Drop in 2024
Bosch Home Comfort Group reported a €4.4 billion revenue in 2024, a 12.5 percent decrease year-on-year due to low consumer spending and investment; however, it outperformed the industry decline and expects growth to resume from 2026, supported by a planned acquisition of parts of Johnson Controls' b...
Progress
36% Bias Score
Daimler Truck Announces €1 Billion Cost-Cutting Program
Daimler Truck announced a cost-cutting program, "Cost Down Europe," aiming to reduce recurring costs by over €1 billion in its European truck division by 2030, including job cuts but excluding compulsory redundancies in Germany until 2029; negotiations with the works council are ongoing.
Daimler Truck Announces €1 Billion Cost-Cutting Program
Daimler Truck announced a cost-cutting program, "Cost Down Europe," aiming to reduce recurring costs by over €1 billion in its European truck division by 2030, including job cuts but excluding compulsory redundancies in Germany until 2029; negotiations with the works council are ongoing.
Progress
32% Bias Score
Daimler Truck Announces €1 Billion Cost-Cutting Program
Daimler Truck announced a cost-cutting program, "Cost Down Europe," aiming to reduce recurring costs by over €1 billion in its European truck division by 2030, impacting all cost categories, including personnel, although no compulsory redundancies are planned in Germany until the end of 2029; negoti...
Daimler Truck Announces €1 Billion Cost-Cutting Program
Daimler Truck announced a cost-cutting program, "Cost Down Europe," aiming to reduce recurring costs by over €1 billion in its European truck division by 2030, impacting all cost categories, including personnel, although no compulsory redundancies are planned in Germany until the end of 2029; negoti...
Progress
32% Bias Score
Showing 25 to 36 of 185 results