Ligier, a manufacturer of small vehicles, is set to eliminate nearly all jobs at its Montaigu site in Vendée, transferring production to its historic facility in Allier. Out of 141 employees, 126 are expected to lose their positions by the…
Volkswagen and German unions have reached a significant agreement following extensive negotiations aimed at addressing cost-cutting measures amid declining demand in Europe. The deal, announced on December 20, includes job security provisions and the retention of 10 plants in Germany…
Volkswagen is reportedly set to implement significant salary reductions for approximately 4,000 managers, with annual salaries decreasing by 10% over the next two years. This decision aligns with the company’s wider cost-cutting strategy, which includes eliminating over 35,000 jobs by…
Volkswagen has successfully negotiated a deal with the IG Metall trade union to avoid the closure of its factories in Germany, securing jobs while agreeing to cut over 35,000 positions by 2030. The agreement includes a suspension of a previously…
Volkswagen, Europe’s leading car manufacturer, plans to eliminate over 35,000 jobs in Germany by 2030 to reduce costs, according to a recent agreement with unions aimed at preventing factory closures and layoffs. The deal allows voluntary departures and early retirements,…
Volkswagen has announced that it will not proceed with plans to close factories in Germany; however, over 35,000 jobs will still be cut by 2030. This decision follows negotiations with the labor union IG Metall after earlier reports suggested significant…
PTSB has announced a voluntary redundancy scheme that could result in the loss of up to 500 jobs, drawing criticism from the Financial Services Union (FSU). The scheme, initially for senior managers, will now include all staff. The FSU raised…
Bosch, the world’s largest automotive equipment supplier, plans to cut approximately 8,250 jobs globally by 2025 due to weak demand, high costs, and increasing competition in its Mobility segment. This represents nearly 2% of Bosch’s global workforce of over 429,000…
The future of Gerlafingen’s steel industry hangs in the balance as the National Council debates reducing electricity prices for steelworks amid rising energy costs and export challenges. With Swiss Steel and Gerlafingen Steelworks planning to cut over 250 jobs, employees…
Eneco, a Dutch energy company, plans to eliminate up to 350 jobs due to rising material and labor costs and geopolitical tensions in energy markets. The company has already reduced the number of external contractors and will not renew some…
DB Cargo, the freight division of Deutsche Bahn, plans to cut 5,000 jobs by 2029, exceeding previous estimates. This decision is driven by ongoing losses and new EU Commission regulations. CEO Sigrid Nikutta mentioned that much of the reduction will…
Airbus has announced plans to cut 477 jobs in the UK as part of a global strategy to reduce its workforce by more than 2,000 positions by mid-2026. This move comes despite a 7% increase in sales, with the company…
