Showing 25 to 36 of 240 results
DAX Companies Report 8.1% Profit Drop, 32,000 Job Cuts in Q1 2025
In Q1 2025, Germany's DAX companies experienced an 8.1 percent drop in operating profit to €44.8 billion, with 32,000 job cuts, due to economic slowdown, increased competition, and wildfire-related losses for insurers; however, some sectors like defense showed strong growth.
DAX Companies Report 8.1% Profit Drop, 32,000 Job Cuts in Q1 2025
In Q1 2025, Germany's DAX companies experienced an 8.1 percent drop in operating profit to €44.8 billion, with 32,000 job cuts, due to economic slowdown, increased competition, and wildfire-related losses for insurers; however, some sectors like defense showed strong growth.
Progress
40% Bias Score
Burberry Announces 1,700 Job Cuts Amidst £66 Million Loss
Burberry, facing a £66 million loss and 15% revenue drop, announced 1,700 job cuts globally by 2027, including its Yorkshire factory's night shift, as part of a £60 million cost-saving plan to counter a wider luxury goods market downturn.
Burberry Announces 1,700 Job Cuts Amidst £66 Million Loss
Burberry, facing a £66 million loss and 15% revenue drop, announced 1,700 job cuts globally by 2027, including its Yorkshire factory's night shift, as part of a £60 million cost-saving plan to counter a wider luxury goods market downturn.
Progress
32% Bias Score
Nissan Announces 20,000 Global Job Cuts Amidst ¥670.9 Billion Net Loss
Nissan Motor announced 20,000 job cuts globally by 2027 due to a ¥670.9 billion net loss in fiscal year 2024, attributed to asset depreciation and increased costs; the restructuring includes reducing production plants from 17 to 10 and a 30% production volume decrease (excluding China).
Nissan Announces 20,000 Global Job Cuts Amidst ¥670.9 Billion Net Loss
Nissan Motor announced 20,000 job cuts globally by 2027 due to a ¥670.9 billion net loss in fiscal year 2024, attributed to asset depreciation and increased costs; the restructuring includes reducing production plants from 17 to 10 and a 30% production volume decrease (excluding China).
Progress
44% Bias Score
Bayer to Close Frankfurt Plant, Sparking Criticism and Competitiveness Concerns
Bayer announced the closure of its Frankfurt plant, employing around 500 people, by 2028 due to Asian competition, overcapacities, and regulation, prompting strong criticism from the Hessian state government and concerns about Germany's industrial competitiveness.
Bayer to Close Frankfurt Plant, Sparking Criticism and Competitiveness Concerns
Bayer announced the closure of its Frankfurt plant, employing around 500 people, by 2028 due to Asian competition, overcapacities, and regulation, prompting strong criticism from the Hessian state government and concerns about Germany's industrial competitiveness.
Progress
48% Bias Score
Nissan Announces 11,000 Job Cuts Amidst Steep Profit Decline
Nissan Motor announced 11,000 job cuts and the closure of seven plants on Tuesday, part of a plan to save 500 billion yen, following an 88 percent drop in operating profit to $472 million in the fiscal year ending March 2024, due to weakening sales and increased competition.
Nissan Announces 11,000 Job Cuts Amidst Steep Profit Decline
Nissan Motor announced 11,000 job cuts and the closure of seven plants on Tuesday, part of a plan to save 500 billion yen, following an 88 percent drop in operating profit to $472 million in the fiscal year ending March 2024, due to weakening sales and increased competition.
Progress
56% Bias Score
Nissan to Cut 20,000 Jobs, Consider Factory Closure Amidst Record Losses
Nissan Motor Co. announced plans to cut approximately 20,000 jobs globally, representing 15 percent of its workforce, and is considering closing a domestic factory to address declining sales and a projected record loss of 700 to 750 billion yen for fiscal 2024.
Nissan to Cut 20,000 Jobs, Consider Factory Closure Amidst Record Losses
Nissan Motor Co. announced plans to cut approximately 20,000 jobs globally, representing 15 percent of its workforce, and is considering closing a domestic factory to address declining sales and a projected record loss of 700 to 750 billion yen for fiscal 2024.
Progress
36% Bias Score
Siemens Q2 Profit Up 11%, Automation Sector Recovers Despite Job Cuts
Siemens announced a strong Q2 with €2.4 billion profit (11% increase year-on-year), driven by the recovery of its automation sector, especially in China (41% order increase), despite planned job cuts costing €500-600 million and persistent weakness in Germany. This success is attributed to a globall...
Siemens Q2 Profit Up 11%, Automation Sector Recovers Despite Job Cuts
Siemens announced a strong Q2 with €2.4 billion profit (11% increase year-on-year), driven by the recovery of its automation sector, especially in China (41% order increase), despite planned job cuts costing €500-600 million and persistent weakness in Germany. This success is attributed to a globall...
Progress
40% Bias Score
Burberry Announces 1,700 Job Cuts in Cost-Cutting Drive
Burberry announced plans to cut up to 1,700 jobs and slash costs by £100 million annually by 2027 after reporting a £3 million operating loss for the year to March 2024, a response to subdued demand and rising costs in the luxury goods market.
Burberry Announces 1,700 Job Cuts in Cost-Cutting Drive
Burberry announced plans to cut up to 1,700 jobs and slash costs by £100 million annually by 2027 after reporting a £3 million operating loss for the year to March 2024, a response to subdued demand and rising costs in the luxury goods market.
Progress
40% Bias Score
ArcelorMittal France Job Cuts Spark Protests, Nationalization Proposal
On May 13th, hundreds of ArcelorMittal employees protested in Saint-Denis, France, against the company's plan to cut over 600 jobs, raising concerns about the future of steel production in France and prompting a proposed nationalization by LFI deputies.
ArcelorMittal France Job Cuts Spark Protests, Nationalization Proposal
On May 13th, hundreds of ArcelorMittal employees protested in Saint-Denis, France, against the company's plan to cut over 600 jobs, raising concerns about the future of steel production in France and prompting a proposed nationalization by LFI deputies.
Progress
40% Bias Score
Bayer to Close Frankfurt Plant by 2028
Bayer announced it will close its Frankfurt plant by 2028, affecting 500 employees, due to Asian competition, overcapacity, and regulations; the Hessian state government and labor unions strongly oppose the decision.
Bayer to Close Frankfurt Plant by 2028
Bayer announced it will close its Frankfurt plant by 2028, affecting 500 employees, due to Asian competition, overcapacity, and regulations; the Hessian state government and labor unions strongly oppose the decision.
Progress
40% Bias Score
Tata Steel IJmuiden Reports €90 Million Profit After Job Cut Announcement
Tata Steel's IJmuiden plant reported a €90 million profit in the year to March 2025, despite previously announcing 1,600 job cuts due to poor financial performance; this follows years of losses and contrasts with the strong performance of the parent company's Indian operations.
Tata Steel IJmuiden Reports €90 Million Profit After Job Cut Announcement
Tata Steel's IJmuiden plant reported a €90 million profit in the year to March 2025, despite previously announcing 1,600 job cuts due to poor financial performance; this follows years of losses and contrasts with the strong performance of the parent company's Indian operations.
Progress
48% Bias Score
Nissan to Cut Nearly 20,000 Jobs Globally Amidst Financial Crisis
Nissan, facing a projected £3.8 billion loss, will cut almost 20,000 jobs globally—more than double its initial plan—to save £2 billion, raising concerns about its UK Sunderland plant employing 6,000.
Nissan to Cut Nearly 20,000 Jobs Globally Amidst Financial Crisis
Nissan, facing a projected £3.8 billion loss, will cut almost 20,000 jobs globally—more than double its initial plan—to save £2 billion, raising concerns about its UK Sunderland plant employing 6,000.
Progress
56% Bias Score
Showing 25 to 36 of 240 results