Tag #Job Losses

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dw.com

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Mar 11, 22:12

Ghana's Mahama Faces Tensions Amid Job Cuts and IMF Loan

Ghana's President John Mahama is reviewing thousands of government appointments after discovering over 81,000 suspected ghost workers, impacting thousands of employees and creating economic and political tensions amid a $3 billion IMF loan.

Ghana's Mahama Faces Tensions Amid Job Cuts and IMF Loan

Ghana's President John Mahama is reviewing thousands of government appointments after discovering over 81,000 suspected ghost workers, impacting thousands of employees and creating economic and political tensions amid a $3 billion IMF loan.

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How do the recent job losses in Ghana relate to broader patterns of political transitions and economic policies?

The actions reflect a pattern of civil servant dismissals by new Ghanaian governments since 1993, despite trade union concerns about economic consequences. The government's pursuit of fiscal responsibility under IMF conditions clashes with the social costs of job losses, particularly impacting young Ghanaians. The opposition NPP criticizes the dismissals as politically motivated and detrimental to national unity.

cnn.com

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Mar 10, 13:10

Trump's Wind Crackdown: US Industry Faces Job Losses and Project Cancellations

President Trump's executive order halting new US wind project permits and leases has caused project cancellations, billions in developer writedowns, and approximately 300 job losses, contrasting sharply with global offshore wind growth.

Trump's Wind Crackdown: US Industry Faces Job Losses and Project Cancellations

President Trump's executive order halting new US wind project permits and leases has caused project cancellations, billions in developer writedowns, and approximately 300 job losses, contrasting sharply with global offshore wind growth.

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Climate Action

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How does the US wind industry's current situation compare to the global landscape?

The Trump administration's actions, driven by the President's personal opposition to wind turbines, are causing significant uncertainty within the US wind industry. This uncertainty is leading companies to delay projects, cancel plans for new factories (resulting in the loss of 350 potential jobs), and lay off workers. This is happening despite the potential for offshore wind to provide energy security and meet increasing energy demands, particularly from AI.

corrieredibologna.corriere.it

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Mar 7, 19:11

Berco Announces 247 Job Cuts Amidst Economic Headwinds

Berco, an Italian manufacturing company, announced 247 job cuts in February due to decreased revenue (50% compared to two years prior) caused by the pandemic, energy crises, the war in Ukraine, and US-China trade tensions; the CEO stated a plan to keep the factory open for 100 more years despite the...

Berco Announces 247 Job Cuts Amidst Economic Headwinds

Berco, an Italian manufacturing company, announced 247 job cuts in February due to decreased revenue (50% compared to two years prior) caused by the pandemic, energy crises, the war in Ukraine, and US-China trade tensions; the CEO stated a plan to keep the factory open for 100 more years despite the...

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How have global economic factors contributed to Berco's financial difficulties and restructuring efforts?

The job cuts at Berco reflect broader economic headwinds impacting Italian manufacturing. Increased energy and steel costs, coupled with geopolitical instability and reduced market access, have severely impacted the company's profitability. This situation highlights vulnerabilities within the Italian industrial sector to global economic shocks and the need for strategic adaptation.

taz.de

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Mar 5, 01:09

Stadler's Berlin Plant Faces Job Cuts Amidst Financial Crisis

Facing financial difficulties despite full order books, Swiss train manufacturer Stadler is negotiating with the IG Metall union in Berlin regarding cost-cutting measures that could lead to job losses; the union demands no job cuts or plant closures and negotiations are pending.

Stadler's Berlin Plant Faces Job Cuts Amidst Financial Crisis

Facing financial difficulties despite full order books, Swiss train manufacturer Stadler is negotiating with the IG Metall union in Berlin regarding cost-cutting measures that could lead to job losses; the union demands no job cuts or plant closures and negotiations are pending.

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What role did management decisions and external factors play in Stadler's current economic difficulties?

Stadler's crisis stems from a combination of external factors (supply chain disruptions, rising costs) and internal issues (optimistic cost calculations). The company's request for employee concessions, including salary cuts and longer working hours, has led to conflict with the IG Metall union. The Berlin Senate, which previously granted Stadler funding, was reportedly unaware of the severity of the situation.

smh.com.au

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Mar 2, 10:10

Star Entertainment Faces Collapse, 8000 Jobs at Risk

Star Entertainment, facing financial ruin and potential closure, is desperately seeking a solution to save over 8000 jobs before Monday's deadline, with creditors and state governments focused on ensuring the survival of its casinos.

Star Entertainment Faces Collapse, 8000 Jobs at Risk

Star Entertainment, facing financial ruin and potential closure, is desperately seeking a solution to save over 8000 jobs before Monday's deadline, with creditors and state governments focused on ensuring the survival of its casinos.

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What immediate actions are being taken to address Star Entertainment's financial crisis and the potential job losses of over 8000 employees?

Star Entertainment, facing financial crisis and potential voluntary administration, is in urgent talks to secure over 8000 jobs. The company's shares plummeted 15 percent on Friday, closing at 11¢, down from a previous valuation of \$5 billion. A final decision on its future, potentially involving asset sales or debt refinancing, is expected by Monday.

cnn.com

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Mar 1, 19:08

Social Security to Cut 7,000 Jobs Amidst Beneficiary Surge

The Social Security Administration plans to cut 7,000 jobs (12% of its staff) as part of a Trump administration-led federal government downsizing effort, raising concerns about potential negative impacts on customer service given a soaring number of beneficiaries.

Social Security to Cut 7,000 Jobs Amidst Beneficiary Surge

The Social Security Administration plans to cut 7,000 jobs (12% of its staff) as part of a Trump administration-led federal government downsizing effort, raising concerns about potential negative impacts on customer service given a soaring number of beneficiaries.

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No Poverty

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How will the Social Security Administration's planned job cuts affect the delivery of services to its 73 million beneficiaries?

The Social Security Administration (SSA) plans to cut approximately 7,000 jobs, about 12% of its staff. This reduction, part of a broader federal government downsizing effort, raises concerns about potential negative impacts on customer service, especially given the increasing number of Social Security beneficiaries.

t24.com.tr

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Mar 11, 10:18

Turkey's Textile and Ready-to-Wear Industry Suffers 65,000 Job Losses in 2024

Turkey's textile and ready-to-wear sectors experienced a combined job loss of 65,581 in 2024, dropping total employment below one million for the first time in four years, driven by rising costs, increased competition, and reduced export demand.

Turkey's Textile and Ready-to-Wear Industry Suffers 65,000 Job Losses in 2024

Turkey's textile and ready-to-wear sectors experienced a combined job loss of 65,581 in 2024, dropping total employment below one million for the first time in four years, driven by rising costs, increased competition, and reduced export demand.

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What is the extent of job losses in Turkey's textile and ready-to-wear industry in 2024, and what are the immediate consequences?

In 2024, Turkey's textile and ready-to-wear industry lost over 65,000 jobs, exceeding one million total employees for the first time in four years. The ready-to-wear sector accounted for 52,000 of these losses, while the textile sector lost 12,000 jobs. This continues a trend of job losses in recent years, totaling nearly 300,000 over the past three years.

welt.de

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Mar 7, 13:11

German Auto Industry Plunges into Crisis: Revenue Down 5%, 19,000 Job Losses

Germany's automotive industry faced a 5 percent revenue drop in 2024 (€536 billion total), with almost 19,000 job losses; supplier revenue fell 8 percent, and employment hit an 18-year low due to weak demand, high costs, and shrinking Chinese exports.

German Auto Industry Plunges into Crisis: Revenue Down 5%, 19,000 Job Losses

Germany's automotive industry faced a 5 percent revenue drop in 2024 (€536 billion total), with almost 19,000 job losses; supplier revenue fell 8 percent, and employment hit an 18-year low due to weak demand, high costs, and shrinking Chinese exports.

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What are the immediate consequences of the German automotive industry's 5 percent revenue decrease and nearly 19,000 job losses?

The German automotive industry's revenue dropped by 5 percent in 2024, totaling €536 billion, while employment decreased by almost 19,000. Supplier revenue saw an 8 percent decline, with employment reaching its lowest point in at least 18 years. This constitutes a "massive and comprehensive crisis", according to EY.

forbes.com

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Mar 6, 22:12

US Job Cuts Surge in February 2025, Raising Recession Concerns

February 2025 witnessed 172,000 US job cuts, double the 2024 figure and the highest for February since 2009; government layoffs (62,000) contributed significantly, yet the unemployment rate remains at 4%, raising concerns about a potential 2025 recession but not triggering the Sahm rule.

US Job Cuts Surge in February 2025, Raising Recession Concerns

February 2025 witnessed 172,000 US job cuts, double the 2024 figure and the highest for February since 2009; government layoffs (62,000) contributed significantly, yet the unemployment rate remains at 4%, raising concerns about a potential 2025 recession but not triggering the Sahm rule.

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What conditions or events could trigger a recession in 2025 based on the current employment trends?

The current increase in job losses, particularly in the private sector (retail and technology), presents a growing risk of a 2025 recession. However, this risk would likely materialize if job losses broaden to larger sectors like healthcare and hospitality or if the government's job cuts increase substantially. A moderate decrease in job losses from February's levels could lessen this risk.

bbc.com

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Mar 5, 19:13

Welsh Construction Firm Faces Staff Consultations Amidst Mounting Losses

Alun Griffiths Contractors, a Welsh construction firm with current major projects including the A465 Heads of the Valleys road, is consulting staff following a financial review showing £74 million in losses over four years and overdue 2023 accounts, prompting concern from the Welsh government.

Welsh Construction Firm Faces Staff Consultations Amidst Mounting Losses

Alun Griffiths Contractors, a Welsh construction firm with current major projects including the A465 Heads of the Valleys road, is consulting staff following a financial review showing £74 million in losses over four years and overdue 2023 accounts, prompting concern from the Welsh government.

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What factors contributed to Alun Griffiths Contractors' significant losses over the past four years?

The financial struggles of Alun Griffiths Contractors highlight broader challenges in the construction industry. Their losses, coupled with the delayed filing of accounts, indicate significant financial pressure. This situation underscores the impact of fluctuating market conditions and potentially unsustainable project commitments.

welt.de

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Mar 2, 07:07

Baden-Württemberg Automotive Industry Faces Competitive Challenges

IG Metall Baden-Württemberg district head Barbara Resch warns that the region's automotive industry is falling behind competitors in key areas like e-cars and software, leading to job cuts and potential economic decline unless policy changes are made to improve framework conditions.

Baden-Württemberg Automotive Industry Faces Competitive Challenges

IG Metall Baden-Württemberg district head Barbara Resch warns that the region's automotive industry is falling behind competitors in key areas like e-cars and software, leading to job cuts and potential economic decline unless policy changes are made to improve framework conditions.

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What are the long-term economic and social consequences if the Baden-Württemberg automotive industry fails to adapt and remain competitive?

The situation highlights the systemic risk to Baden-Württemberg's economy, heavily reliant on its automotive sector. Failure to address the challenges could trigger a downward spiral of job losses and economic decline, impacting the region's prosperity. The success of the new collective bargaining agreement in mitigating job losses will be a crucial indicator of future industry resilience.

pt.euronews.com

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Mar 1, 01:09

Audi Brussels Factory Closure: 3,000 Job Losses, Potential Military Conversion

Audi's Brussels factory closed in February 2024, impacting 3,000 workers after production cuts and a failed search for a buyer; production shifted to China and Mexico due to lower profit margins; potential repurposing into weapons manufacturing is proposed.

Audi Brussels Factory Closure: 3,000 Job Losses, Potential Military Conversion

Audi's Brussels factory closed in February 2024, impacting 3,000 workers after production cuts and a failed search for a buyer; production shifted to China and Mexico due to lower profit margins; potential repurposing into weapons manufacturing is proposed.

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What factors contributed to Audi's decision to close its Brussels factory and move production elsewhere?

The closure is attributed to the Audi's decision to move production to China and Mexico due to perceived lower profit margins and higher labor costs in Belgium. This decision led to worker strikes and protests, highlighting the significant social and economic impact on the workers and the community.

Showing 121 to 132 of 220 results