Tag #Job Losses

Showing 13 to 24 of 217 results

dw.com
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German Auto Industry Job Losses Surge Amidst US-China Trade Tensions

Germany's automotive industry experienced a substantial job loss of 51,500 positions in the last year, primarily due to declining US and Chinese exports, aggravated by new tariffs, impacting the broader industrial sector and creating a challenging job market for young engineers.

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dutchnews.nl
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Accell Closes Last Major Dutch Bike Factory, Shifting Production to Hungary

Accell, owner of Batavus, Sparta, and Raleigh, is closing its last major Dutch bicycle factory in Heerenveen, eliminating 160 jobs and shifting production to Hungary; the decision follows financial struggles, a 2022 buyout, and a large Babboe cargo bike recall.

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dw.com
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German Automotive Sector Faces Deep Crisis with 51,500 Job Losses

Germany's manufacturing sector, especially its automotive industry, is facing a deep crisis, with approximately 51,500 job losses in the automotive sector alone within a year, representing a 7% decrease. This is reflected in the overall decline of 2.1% in manufacturing jobs across all sectors except...

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theguardian.com
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Debenhams Considers PLT Sale, 1,251 Job Losses Amidst £264 Million Loss

Debenhams, facing £264 million pretax losses and falling sales, is considering selling its Pretty Little Thing brand and closing its Burnley distribution center, potentially resulting in 1,251 job losses, while also announcing a restructuring plan that includes cost-cutting and stock reduction.

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dailymail.co.uk
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Poundland Seeks Court Approval to Avoid Collapse

Poundland, facing administration by September 7, 2025, seeks High Court approval for a rescue plan involving store closures, job cuts (around 1,350), and rent reductions to secure £90 million in funding from Gordon Brothers, following a £1 sale and struggling with a £35.7 million pre-tax loss in 202...

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nos.nl
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Accell Closes Dutch Factory, Shifting Production Abroad

Accell, a Dutch bicycle manufacturer, is closing its Heerenveen factory, resulting in approximately 160 job losses and the end of bicycle production in the Netherlands, shifting production to Hungary and France due to post-pandemic financial difficulties.

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36% Bias Score

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welt.de
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Buderus Edelstahl Restructuring Leads to Plant Closure, Job Losses in Wetzlar

Buderus Edelstahl in Wetzlar, Germany, is being dismantled, resulting in the closure of its steel plant by October, impacting 450 jobs, while the remaining units will be sold, potentially saving 670 jobs, due to high energy costs and challenging market conditions.

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44% Bias Score

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welt.de
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€70 Million Rescue Fund Proposed for Thuringia's Automotive Industry

Left-wing faction leader Christian Schaft proposed a €70 million rescue fund for Thuringia's automotive industry, aiming to prevent 10,000 job losses and mirroring Bavaria's larger fund, in response to IG Metall's assessment of the crisis, with the fund to be part of the state budget negotiations.

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dailymail.co.uk
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UK Shop Prices Surge Amidst Budgetary Impact

British shop prices increased by 0.9 percent year-on-year, the fastest rise in over a year, driven by a 4.2 percent surge in food prices due to increased business costs from the recent budget, potentially resulting in up to 300,000 job losses by 2028.

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64% Bias Score

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dw.com
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German Auto Industry Job Losses Hit 51,500 Amidst Export Slump

Germany's auto industry lost 51,500 jobs in the past year, largely due to decreased exports to the US (10% decline) and China (14% decline), leading to cost-cutting measures and a bleak outlook for young engineers.

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40% Bias Score

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taz.de
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German Auto Industry Faces Challenges in Electrification Transition

The German auto industry's transition to electric vehicles is facing challenges due to delayed response, lower profit margins for electric vehicles, and international market uncertainty, resulting in job losses and jeopardizing climate goals; government support is crucial but needs to incentivize ra...

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bbc.com
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UK Hospitality Job Losses Hit 89,000 Amidst Rising Costs

Since last October, the UK hospitality sector has lost approximately 89,000 jobs—53% of all UK job losses—due to increased taxes, rising costs, and reduced consumer spending, with further losses anticipated.

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56% Bias Score

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Showing 13 to 24 of 217 results