Showing 73 to 84 of 179 results
HSBC Announces Further Job Cuts After £1.2 Billion Restructuring
HSBC CEO Georges Elhedery will announce further job cuts next week, part of a restructuring that saved the bank £1.2 billion, impacting the investment banking division in UK, Europe, and the US, while boosting 2024 profits to £25.4 billion and increasing dividends.
HSBC Announces Further Job Cuts After £1.2 Billion Restructuring
HSBC CEO Georges Elhedery will announce further job cuts next week, part of a restructuring that saved the bank £1.2 billion, impacting the investment banking division in UK, Europe, and the US, while boosting 2024 profits to £25.4 billion and increasing dividends.
Progress
40% Bias Score
Dr. Martens Cuts 70 UK Jobs, Moves Operations to India
Dr. Martens, a British bootmaker, is cutting 70 UK jobs and relocating operations to India to establish a global technology center, impacting its UK and US workforce after recent executive hires received over £3 million in compensation.
Dr. Martens Cuts 70 UK Jobs, Moves Operations to India
Dr. Martens, a British bootmaker, is cutting 70 UK jobs and relocating operations to India to establish a global technology center, impacting its UK and US workforce after recent executive hires received over £3 million in compensation.
Progress
44% Bias Score
Commerzbank to Cut 3900 Jobs to Counter Unicredit Takeover Bid
Commerzbank, facing a potential takeover by Unicredit, plans to cut 3900 jobs by 2027, primarily in Germany, to increase profitability to \$4.2 billion by 2028 and deter a hostile takeover while maintaining a largely constant global workforce of 36,700.
Commerzbank to Cut 3900 Jobs to Counter Unicredit Takeover Bid
Commerzbank, facing a potential takeover by Unicredit, plans to cut 3900 jobs by 2027, primarily in Germany, to increase profitability to \$4.2 billion by 2028 and deter a hostile takeover while maintaining a largely constant global workforce of 36,700.
Progress
40% Bias Score
Commerzbank to Cut 3,900 Jobs by 2028 to Counter Unicredit and Boost Profits
Commerzbank will cut 3,900 jobs by 2028, including 3,300 in Germany, primarily in central functions, to counter Unicredit's growing influence and boost profits to €4.2 billion by 2028 while maintaining a roughly constant global workforce of 36,700 through attrition and technology adoption.
Commerzbank to Cut 3,900 Jobs by 2028 to Counter Unicredit and Boost Profits
Commerzbank will cut 3,900 jobs by 2028, including 3,300 in Germany, primarily in central functions, to counter Unicredit's growing influence and boost profits to €4.2 billion by 2028 while maintaining a roughly constant global workforce of 36,700 through attrition and technology adoption.
Progress
36% Bias Score
Zepz Lays Off 20% of Workforce, Closes Regional Offices
London-based digital remittance firm Zepz laid off roughly 200 employees, approximately 20% of its workforce, closing its Kenya and Poland offices to streamline operations after completing replatforming efforts using AI and automation.
Zepz Lays Off 20% of Workforce, Closes Regional Offices
London-based digital remittance firm Zepz laid off roughly 200 employees, approximately 20% of its workforce, closing its Kenya and Poland offices to streamline operations after completing replatforming efforts using AI and automation.
Progress
44% Bias Score
BCE Offers Severance to 1,200 Union Employees Amidst Financial Pressures
BCE Inc. announced it is offering severance packages to 1,200 union employees across Canada due to industry challenges and organizational changes, prompting criticism from Unifor about the company's financial priorities and impact on Canadian workers.
BCE Offers Severance to 1,200 Union Employees Amidst Financial Pressures
BCE Inc. announced it is offering severance packages to 1,200 union employees across Canada due to industry challenges and organizational changes, prompting criticism from Unifor about the company's financial priorities and impact on Canadian workers.
Progress
40% Bias Score
Dutch Open University Faces Job Cuts Amidst €6.2 Million Deficit
The Open University in Heerlen, Netherlands, announced a €6.2 million budget deficit, leading to potential job cuts of up to 65 full-time positions by year's end due to decreased demand for distance learning following the COVID-19 pandemic, despite prior cost-cutting measures.
Dutch Open University Faces Job Cuts Amidst €6.2 Million Deficit
The Open University in Heerlen, Netherlands, announced a €6.2 million budget deficit, leading to potential job cuts of up to 65 full-time positions by year's end due to decreased demand for distance learning following the COVID-19 pandemic, despite prior cost-cutting measures.
Progress
20% Bias Score
Le Parisien Cuts 39 Jobs Amidst €33 Million Loss
Le Parisien, owned by LVMH, is cutting 29 journalistic and 10 support positions in a restructuring plan aimed at addressing €33 million in 2024 losses caused by inflation and rising costs, with the new structure featuring thematic editorial teams.
Le Parisien Cuts 39 Jobs Amidst €33 Million Loss
Le Parisien, owned by LVMH, is cutting 29 journalistic and 10 support positions in a restructuring plan aimed at addressing €33 million in 2024 losses caused by inflation and rising costs, with the new structure featuring thematic editorial teams.
Progress
40% Bias Score
Commerzbank to Cut 3,900 Jobs to Boost Profit, Resist Takeover
Commerzbank announced plans to cut 3,900 jobs by 2027, primarily in Germany, to boost efficiency and counter a potential takeover bid from UniCredit, while aiming for significantly higher profits and shareholder payouts in coming years.
Commerzbank to Cut 3,900 Jobs to Boost Profit, Resist Takeover
Commerzbank announced plans to cut 3,900 jobs by 2027, primarily in Germany, to boost efficiency and counter a potential takeover bid from UniCredit, while aiming for significantly higher profits and shareholder payouts in coming years.
Progress
52% Bias Score
Porsche to Cut 1,900 Jobs Amidst E-Mobility Challenges and Weakening Demand
Porsche will cut approximately 1,900 jobs across its Stuttgart and Weissach sites, adding to previous cuts and capping employee bonuses, due to challenges in e-mobility ramp-up, economic conditions, and weakening demand, especially a 28 percent drop in sales in China.
Porsche to Cut 1,900 Jobs Amidst E-Mobility Challenges and Weakening Demand
Porsche will cut approximately 1,900 jobs across its Stuttgart and Weissach sites, adding to previous cuts and capping employee bonuses, due to challenges in e-mobility ramp-up, economic conditions, and weakening demand, especially a 28 percent drop in sales in China.
Progress
52% Bias Score
Chevron to Lay Off 6,000-8,000 Employees by 2026
Chevron, the No. 2 US oil producer, announced plans to lay off 15-20% of its global workforce (around 6,000-8,000 employees) by 2026 to cut costs amid production challenges, a stalled acquisition, and weak refining business, and reorganize its business and leadership in the next two weeks.
Chevron to Lay Off 6,000-8,000 Employees by 2026
Chevron, the No. 2 US oil producer, announced plans to lay off 15-20% of its global workforce (around 6,000-8,000 employees) by 2026 to cut costs amid production challenges, a stalled acquisition, and weak refining business, and reorganize its business and leadership in the next two weeks.
Progress
32% Bias Score
Volkswagen Announces 35,000 Job Cuts Amidst Global Market Challenges
Volkswagen Group announced a compromise with the IG Metall union involving 35,000 job cuts over six years to improve competitiveness amid a stagnating global auto market and increased competition, particularly from China, while simultaneously pledging to launch a €20,000 electric vehicle and an elec...
Volkswagen Announces 35,000 Job Cuts Amidst Global Market Challenges
Volkswagen Group announced a compromise with the IG Metall union involving 35,000 job cuts over six years to improve competitiveness amid a stagnating global auto market and increased competition, particularly from China, while simultaneously pledging to launch a €20,000 electric vehicle and an elec...
Progress
48% Bias Score
Showing 73 to 84 of 179 results