Volkswagen's Restructuring Plan Stalls Due to Union Power
Volkswagen's negotiations with unions averted immediate factory closures and layoffs, securing job security until 2030, but fell short of its ambitious restructuring goals, raising concerns about its long-term competitiveness despite planned efficiency gains of €15 billion.
Volkswagen's Restructuring Plan Stalls Due to Union Power
Volkswagen's negotiations with unions averted immediate factory closures and layoffs, securing job security until 2030, but fell short of its ambitious restructuring goals, raising concerns about its long-term competitiveness despite planned efficiency gains of €15 billion.
Progress
52% Bias Score
OpenAI to Restructure into For-Profit Public Benefit Corporation
OpenAI, the $157 billion startup behind ChatGPT, plans to restructure into a for-profit public benefit corporation in 2024 to attract more investment for its artificial general intelligence (AGI) research, a condition of its recent $6.6 billion funding round.
OpenAI to Restructure into For-Profit Public Benefit Corporation
OpenAI, the $157 billion startup behind ChatGPT, plans to restructure into a for-profit public benefit corporation in 2024 to attract more investment for its artificial general intelligence (AGI) research, a condition of its recent $6.6 billion funding round.
Progress
36% Bias Score
Volkswagen Averts Plant Closures in Restructuring Deal
Volkswagen and its worker representatives reached a compromise to restructure the company, involving the reduction of over 35,000 jobs and a 25% cut in production capacity, while avoiding plant closures and extending job security until 2030, saving over €15 billion annually.
Volkswagen Averts Plant Closures in Restructuring Deal
Volkswagen and its worker representatives reached a compromise to restructure the company, involving the reduction of over 35,000 jobs and a 25% cut in production capacity, while avoiding plant closures and extending job security until 2030, saving over €15 billion annually.
Progress
44% Bias Score
Volkswagen Averts Strikes with 35,000 Job Cuts
Volkswagen averted mass strikes in Germany by agreeing to 35,000 future job cuts and capacity reductions, resulting in 15 billion euros in annual savings, following 70 hours of negotiations and major worker strikes.
Volkswagen Averts Strikes with 35,000 Job Cuts
Volkswagen averted mass strikes in Germany by agreeing to 35,000 future job cuts and capacity reductions, resulting in 15 billion euros in annual savings, following 70 hours of negotiations and major worker strikes.
Progress
40% Bias Score
Brose to Cut 700 Jobs Amidst Revenue Shortfall
German automotive supplier Brose announced it will miss its revenue targets this year, projecting €7.7 billion, 7 percent below plan and 3 percent below last year, due to rising costs and underutilized facilities; the company plans to cut 700 jobs in Germany by 2025 and reduce investments by 20 perc...
Brose to Cut 700 Jobs Amidst Revenue Shortfall
German automotive supplier Brose announced it will miss its revenue targets this year, projecting €7.7 billion, 7 percent below plan and 3 percent below last year, due to rising costs and underutilized facilities; the company plans to cut 700 jobs in Germany by 2025 and reduce investments by 20 perc...
Progress
44% Bias Score
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
Baywa Announces Restructuring Plan to Address €5.3 Billion Debt
To alleviate its nearly €5.3 billion debt, Baywa, Germany's largest agricultural trader, plans a restructuring including a €150 million capital increase, the sale of its Austrian subsidiary Raiffeisen Ware Austria for €176 million by end of March 2025, and potential divestment of its renewable energ...
Baywa Announces Restructuring Plan to Address €5.3 Billion Debt
To alleviate its nearly €5.3 billion debt, Baywa, Germany's largest agricultural trader, plans a restructuring including a €150 million capital increase, the sale of its Austrian subsidiary Raiffeisen Ware Austria for €176 million by end of March 2025, and potential divestment of its renewable energ...
Progress
44% Bias Score
OpenAI to Restructure into For-Profit Public Benefit Corporation
OpenAI, facing financial pressures and competition, will restructure into a for-profit public benefit corporation by 2025, despite legal challenges from Elon Musk and recent high-level departures driven by safety concerns.
OpenAI to Restructure into For-Profit Public Benefit Corporation
OpenAI, facing financial pressures and competition, will restructure into a for-profit public benefit corporation by 2025, despite legal challenges from Elon Musk and recent high-level departures driven by safety concerns.
Progress
40% Bias Score
Death of French Industrial Leader Didier Pineau-Valencienne at 93
French industrialist Didier Pineau-Valencienne, former CEO of Schneider Electric, died at 93; known for both his business acumen and controversies, he transformed Schneider and faced legal issues.
Death of French Industrial Leader Didier Pineau-Valencienne at 93
French industrialist Didier Pineau-Valencienne, former CEO of Schneider Electric, died at 93; known for both his business acumen and controversies, he transformed Schneider and faced legal issues.
Progress
44% Bias Score
Stellantis to Boost Italian Auto Production with New Models
Stellantis announced plans to increase production at its six Italian auto plants by launching more than a dozen new models through 2032, including the Fiat Pandina and a hybrid/electric 500, in response to concerns about its commitment to Italy following the resignation of its CEO and new EU regulat...
Stellantis to Boost Italian Auto Production with New Models
Stellantis announced plans to increase production at its six Italian auto plants by launching more than a dozen new models through 2032, including the Fiat Pandina and a hybrid/electric 500, in response to concerns about its commitment to Italy following the resignation of its CEO and new EU regulat...
Progress
32% 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
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