Tag #Job Cuts

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sueddeutsche.de

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Apr 3, 07:17

Webasto Announces 650 Job Cuts in Germany

Webasto, a German automotive supplier, announced 650 job cuts at its German sites on Wednesday, citing market challenges including the transition to e-mobility and increased costs, following 1300 job cuts in 2022 and a €195 million loss in 2023.

Webasto Announces 650 Job Cuts in Germany

Webasto, a German automotive supplier, announced 650 job cuts at its German sites on Wednesday, citing market challenges including the transition to e-mobility and increased costs, following 1300 job cuts in 2022 and a €195 million loss in 2023.

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What is the immediate impact of Webasto's job cut announcement on its German workforce and the broader automotive industry?

Webasto, a German automotive supplier, announced 650 job cuts across its German sites, impacting nearly one-sixth of its workforce. This follows 1300 job cuts last year, totaling 1950 job losses in two years. The company cited market challenges, including the transition to e-mobility and increased costs, as reasons for the reduction.

cnnespanol.cnn.com

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Apr 1, 22:12

HHS Initiates Massive Job Cuts, Affecting 20,000 Employees Across Federal Health Agencies

The U.S. Department of Health and Human Services initiated a large-scale job reduction affecting 20,000 employees across multiple agencies, including the FDA and CDC, on Tuesday, as part of a restructuring effort led by HHS Secretary Robert F. Kennedy Jr. to prioritize chronic disease efforts and re...

HHS Initiates Massive Job Cuts, Affecting 20,000 Employees Across Federal Health Agencies

The U.S. Department of Health and Human Services initiated a large-scale job reduction affecting 20,000 employees across multiple agencies, including the FDA and CDC, on Tuesday, as part of a restructuring effort led by HHS Secretary Robert F. Kennedy Jr. to prioritize chronic disease efforts and re...

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Good Health and Well-being

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What are the stated goals of the HHS restructuring, and how do the job cuts relate to those objectives?

This restructuring aims to prioritize efforts against chronic illnesses and reduce bureaucratic expansion, according to Kennedy. The job cuts impact various roles across agencies, from leaders and long-term staff to scientists and administrators. The move follows thousands of voluntary departures and the dismissal of probationary employees last month.",

npr.org

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Mar 28, 10:11

Trump Administration to Cut 20,000 HHS Jobs in Restructuring Plan

The Trump administration plans to restructure the Department of Health and Human Services (HHS), cutting 20,000 jobs—a 25% reduction—by May 27 to streamline operations and improve efficiency, a move criticized by Democrats and former officials.

Trump Administration to Cut 20,000 HHS Jobs in Restructuring Plan

The Trump administration plans to restructure the Department of Health and Human Services (HHS), cutting 20,000 jobs—a 25% reduction—by May 27 to streamline operations and improve efficiency, a move criticized by Democrats and former officials.

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What are the immediate consequences of the Trump administration's plan to cut 20,000 jobs from the federal health agencies?

The Trump administration plans to restructure the federal health agencies, resulting in a 20,000 job reduction, a 25% decrease from the current 82,000 employees. This restructuring aims to streamline operations and improve efficiency within the Department of Health and Human Services (HHS).

theguardian.com

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Mar 27, 10:11

Australian Social Service Delays Feared Amidst Planned Job Cuts

The Australian opposition's plan to cut 41,000 public service jobs could cause delays of weeks or months for social security payments, according to a Labor government analysis. The analysis shows that processing times for various payments would drastically increase.

Australian Social Service Delays Feared Amidst Planned Job Cuts

The Australian opposition's plan to cut 41,000 public service jobs could cause delays of weeks or months for social security payments, according to a Labor government analysis. The analysis shows that processing times for various payments would drastically increase.

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What would be the immediate impact on Australian citizens if the opposition's plan to cut 41,000 public service jobs is implemented?

The Australian opposition's proposed 41,000 public service job cuts would significantly increase wait times for social services. Labor analysis shows delays ranging from weeks to months for payments such as the age pension, paid parental leave, and carer payments.

theglobeandmail.com

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Mar 26, 16:12

U.S. Investment Banks Cut Jobs Amidst Dealmaking Slowdown

U.S. investment banks are cutting jobs due to a decline in global investment banking fees (down 6.3% to $16.83 billion in Q1 2025) caused by President Trump's tariffs and economic uncertainty; Goldman Sachs and Morgan Stanley are among the banks planning layoffs.

U.S. Investment Banks Cut Jobs Amidst Dealmaking Slowdown

U.S. investment banks are cutting jobs due to a decline in global investment banking fees (down 6.3% to $16.83 billion in Q1 2025) caused by President Trump's tariffs and economic uncertainty; Goldman Sachs and Morgan Stanley are among the banks planning layoffs.

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What is the primary cause of the job cuts in the U.S. investment banking sector, and what are the immediate consequences?

U.S. investment banks are cutting jobs due to economic uncertainty and decreased dealmaking, impacting employees and potentially slowing future growth. Global investment banking fees fell 6.3% to $16.83 billion in the first quarter of 2025, compared to $17.96 billion in the same period last year. Several major banks, including Goldman Sachs and Morgan Stanley, are planning layoffs.

sueddeutsche.de

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Mar 26, 16:12

Ford Germany Job Cuts Spark Union Demand for High Severance Pay

Ford Germany plans to cut 2,900 jobs by 2027, prompting the IG Metall union to demand substantial severance packages, including a €200,000 base payment plus additional compensation, and insolvency protection from Ford's US parent company; social tariff negotiations begin Thursday.

Ford Germany Job Cuts Spark Union Demand for High Severance Pay

Ford Germany plans to cut 2,900 jobs by 2027, prompting the IG Metall union to demand substantial severance packages, including a €200,000 base payment plus additional compensation, and insolvency protection from Ford's US parent company; social tariff negotiations begin Thursday.

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What are the underlying causes of Ford's decision to cut jobs in Cologne, and what role does the US parent company play?

Ford's underperforming electric vehicle sales in Cologne are driving the planned job cuts. The termination of a sponsorship agreement by Ford's US parent company has heightened employee anxieties about job security, prompting the union's demand for comprehensive severance and insolvency protection. The union plans to use strikes to pressure Ford into a deal.

lemonde.fr

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Apr 3, 22:14

GiFi Cuts 300 Jobs, Closes 11 Stores Amidst Restructuring

French retailer GiFi, financially restructured in January 2024, announced on April 3rd a plan to cut 5% of its 6,000-person workforce and close 11 stores, impacting 302 employees, due to competition and internal issues, despite a debt write-off of €470 million from banks.

GiFi Cuts 300 Jobs, Closes 11 Stores Amidst Restructuring

French retailer GiFi, financially restructured in January 2024, announced on April 3rd a plan to cut 5% of its 6,000-person workforce and close 11 stores, impacting 302 employees, due to competition and internal issues, despite a debt write-off of €470 million from banks.

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What is the immediate impact of GiFi's restructuring plan on its employees and store network?

GiFi, a French retail chain, announced a restructuring plan including a 5% workforce reduction (300 employees) and the closure of 11 out of 570 stores. This follows a financial restructuring in January 2024, where banks wrote off €470 million in debt in exchange for equity.

nbcnews.com

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Mar 29, 19:20

Nationwide Protests Target Tesla Over Musk's Federal Workforce Cuts

Widespread protests targeting Tesla facilities nationwide erupted Saturday, driven by opposition to Elon Musk's federal workforce cuts and his influence within the Trump administration, with counter-protests also reported; organizers aim to pressure Musk economically, impacting Tesla's sales and sto...

Nationwide Protests Target Tesla Over Musk's Federal Workforce Cuts

Widespread protests targeting Tesla facilities nationwide erupted Saturday, driven by opposition to Elon Musk's federal workforce cuts and his influence within the Trump administration, with counter-protests also reported; organizers aim to pressure Musk economically, impacting Tesla's sales and sto...

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What are the underlying causes of the widespread protests against Elon Musk and his actions, and what broader societal concerns do they reflect?

The protests reflect deep-seated anxieties about Musk's influence on government policy and its potential consequences for various sectors. Specific instances cited include job losses among federal contractors and cuts to programs aimed at combating HIV/AIDS. These actions are viewed by many protesters as undermining democratic institutions and exacerbating social inequalities.",

theglobeandmail.com

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Mar 27, 19:22

Kennedy Announces 10,000 HHS Job Cuts in Restructuring Plan

U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. announced plans to cut 10,000 jobs across federal public health agencies, including 3,500 at the FDA, 2,400 at the CDC, and 1,200 at the NIH, to streamline operations and centralize functions, despite warnings of potential delays in d...

Kennedy Announces 10,000 HHS Job Cuts in Restructuring Plan

U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. announced plans to cut 10,000 jobs across federal public health agencies, including 3,500 at the FDA, 2,400 at the CDC, and 1,200 at the NIH, to streamline operations and centralize functions, despite warnings of potential delays in d...

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What are the immediate consequences of the planned 10,000 job cuts at HHS, and how will these impact essential services?

U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. announced plans to cut 10,000 HHS employees, impacting the FDA, CDC, and NIH, reducing the workforce to 62,000. This restructuring aims to centralize functions and improve efficiency, according to Kennedy. The cuts may delay drug and medical device approvals, impacting patient access to treatments, experts warn.",

zeit.de

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Mar 26, 16:12

IG Metall Demands High Severance Pay Amid Ford Germany Job Cuts

The IG Metall union in Germany is demanding substantial severance packages—a €200,000 base payment plus additional compensation—for Ford employees facing job cuts, citing the recent withdrawal of insolvency protection by Ford's US parent company as a major concern.

IG Metall Demands High Severance Pay Amid Ford Germany Job Cuts

The IG Metall union in Germany is demanding substantial severance packages—a €200,000 base payment plus additional compensation—for Ford employees facing job cuts, citing the recent withdrawal of insolvency protection by Ford's US parent company as a major concern.

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What are the key demands of IG Metall regarding severance payments in the face of Ford Germany's planned job cuts?

In response to Ford Germany's planned job cuts, the IG Metall union is demanding substantial severance payments. Their proposal includes a €200,000 base payment, plus one-third of an annual salary for each year of employment and €10,000 per child. Additional payments are proposed for employees with disabilities and those whose roles are outsourced.

sueddeutsche.de

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Mar 26, 16:12

Dax Companies Report Mixed Results in 2024: Strong Growth in Some Sectors Offset by Auto Industry Decline

Analysis by EY reveals that Dax companies' cumulative operating profits rose by over 4 percent in 2024 to approximately €181 billion, despite challenges in the automotive sector and overall economic uncertainty; revenue increased by 0.3 percent to €1,824 billion.

Dax Companies Report Mixed Results in 2024: Strong Growth in Some Sectors Offset by Auto Industry Decline

Analysis by EY reveals that Dax companies' cumulative operating profits rose by over 4 percent in 2024 to approximately €181 billion, despite challenges in the automotive sector and overall economic uncertainty; revenue increased by 0.3 percent to €1,824 billion.

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What were the overall financial results of Dax companies in 2024, and what key factors contributed to this outcome?

In 2024, despite numerous challenges, Dax companies collectively increased their operating profits by over 4 percent to approximately €181 billion before interest and taxes. This growth, based on EY's analysis of company reports, was driven by some sectors while others, particularly automakers, experienced significant profit declines. The overall revenue reached €1,824 billion, showing a slight increase of 0.3 percent.

npr.org

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Mar 22, 01:13

DHS Cuts Civil Rights Oversight Jobs to Streamline Immigration Enforcement

The Department of Homeland Security is cutting jobs in civil rights oversight divisions, including the Office for Civil Rights and Civil Liberties and two ombudsman offices, to streamline immigration enforcement, impacting over 450 employees across two rounds of layoffs.

DHS Cuts Civil Rights Oversight Jobs to Streamline Immigration Enforcement

The Department of Homeland Security is cutting jobs in civil rights oversight divisions, including the Office for Civil Rights and Civil Liberties and two ombudsman offices, to streamline immigration enforcement, impacting over 450 employees across two rounds of layoffs.

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What are the immediate consequences of the DHS job cuts within civil rights oversight divisions, and how does this impact the agency's mission?

The Department of Homeland Security (DHS) is eliminating jobs within oversight divisions responsible for civil rights, impacting the Office for Civil Rights and Civil Liberties (CRCL) and two ombudsman offices. This is part of a broader federal government reduction in force, with DHS spokesperson Tricia McLaughlin citing obstruction of immigration enforcement as the justification.

Showing 73 to 84 of 248 results