Evonik Restructures, Cuts Jobs, Appoints Women to Top Management
Evonik, a German specialty chemicals company, is restructuring its operations, reducing its management layers, cutting 2000 jobs globally, and appointing two women to its executive board, resulting in women holding the majority of seats. The company is also reducing its business units from five to t...
Evonik Restructures, Cuts Jobs, Appoints Women to Top Management
Evonik, a German specialty chemicals company, is restructuring its operations, reducing its management layers, cutting 2000 jobs globally, and appointing two women to its executive board, resulting in women holding the majority of seats. The company is also reducing its business units from five to t...
Progress
44% Bias Score
Evonik Restructuring: 7,000 Jobs Affected by Major Restructuring
Evonik, a German chemical company, is restructuring, separating its "Technology & Infrastructure" division, potentially selling the infrastructure unit with 3,600 employees, while cutting 2,000 administrative roles and selling other businesses, impacting around 7,000 jobs in total.
Evonik Restructuring: 7,000 Jobs Affected by Major Restructuring
Evonik, a German chemical company, is restructuring, separating its "Technology & Infrastructure" division, potentially selling the infrastructure unit with 3,600 employees, while cutting 2,000 administrative roles and selling other businesses, impacting around 7,000 jobs in total.
Progress
48% Bias Score
10,000 UK Civil Service Job Cuts Planned Amidst Labour's Budget Review
Labour's planned 5% budget cuts could lead to over 10,000 job losses in the UK civil service, a response to a 33% increase in staff numbers since 2016, reaching 513,000 in 2024. The government aims to improve efficiency through voluntary redundancies, but faces union opposition.
10,000 UK Civil Service Job Cuts Planned Amidst Labour's Budget Review
Labour's planned 5% budget cuts could lead to over 10,000 job losses in the UK civil service, a response to a 33% increase in staff numbers since 2016, reaching 513,000 in 2024. The government aims to improve efficiency through voluntary redundancies, but faces union opposition.
Progress
52% Bias Score
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.
Progress
40% Bias Score
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.
Progress
48% Bias Score
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.
Progress
36% Bias Score
Audi to Close Brussels Plant, Bypassing Social Plan
Audi will close its Brussels plant on February 28, 2025, eliminating approximately 3000 jobs without a social plan due to poor sales of the Q8 e-tron SUV and high logistics costs, prompting strong reactions from Belgian officials and labor unions.
Audi to Close Brussels Plant, Bypassing Social Plan
Audi will close its Brussels plant on February 28, 2025, eliminating approximately 3000 jobs without a social plan due to poor sales of the Q8 e-tron SUV and high logistics costs, prompting strong reactions from Belgian officials and labor unions.
Progress
48% Bias Score
Evonik Announces Major Restructuring Amidst German Chemical Industry Downturn
Evonik, a German chemical company, announced its largest-ever restructuring plan, impacting around 7000 jobs due to cost-cutting and the reorganization into two segments (Custom Solutions and Advanced Technologies), each with approximately €6 billion in annual revenue, effective April 1, 2025. Despi...
Evonik Announces Major Restructuring Amidst German Chemical Industry Downturn
Evonik, a German chemical company, announced its largest-ever restructuring plan, impacting around 7000 jobs due to cost-cutting and the reorganization into two segments (Custom Solutions and Advanced Technologies), each with approximately €6 billion in annual revenue, effective April 1, 2025. Despi...
Progress
4% Bias Score
Thyssenkrupp Steel to Cut 11,000 Jobs, Close Plants
Thyssenkrupp Steel, Germany's largest steel producer, announced plans to cut 11,000 jobs, including the closure of its Kreuztal-Eichen plant and potential closure of its Duisburg plant, impacting over one-third of its workforce and exacerbating unemployment in the already economically challenged Ruh...
Thyssenkrupp Steel to Cut 11,000 Jobs, Close Plants
Thyssenkrupp Steel, Germany's largest steel producer, announced plans to cut 11,000 jobs, including the closure of its Kreuztal-Eichen plant and potential closure of its Duisburg plant, impacting over one-third of its workforce and exacerbating unemployment in the already economically challenged Ruh...
Progress
52% Bias Score
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.
Progress
36% Bias Score
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.
Progress
40% Bias Score
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.
Progress
52% Bias Score