Swiss Steel has revealed plans to cut approximately 800 jobs, including 130 positions at its Emmenbrücke facility. While the local economy braces for the impact, workers express mixed reactions, with some acknowledging the inevitability of the layoffs. Local politicians, including…
Swiss Steel is set to cut 800 jobs, including 130 in Switzerland, due to falling demand, particularly from the struggling German automotive industry. The company’s CEO, Frank Koch, acknowledged misjudgments in their outlook, exacerbated by high energy costs needed for…
Swiss Steel Group will cut approximately 800 jobs across Europe, including 130 positions at its Emmenbrücke facility in Switzerland. As part of a restructuring plan, 530 jobs will be eliminated, while 270 positions will see reduced hours. The company aims…
Migros Zürich is implementing significant austerity measures at its struggling German subsidiary, Tegut, by closing 10% of its stores and eliminating 120 full-time positions at its Fulda headquarters. The decision arises from poor revenue and profit performance, prompting the company…
Dundee University is preparing for job losses as it faces a substantial deficit of £25 million to £30 million in the upcoming financial year. Principal Prof Iain Gillespie informed staff about the challenging financial situation and emphasized the necessity of…
The UK Post Office is planning to close over 115 unprofitable branches, impacting around 1,000 jobs, as part of a significant restructuring aimed at improving financial stability. The review, led by new chairman Nigel Railton, follows a long-standing inquiry into…
The UK Post Office is considering significant changes that could jeopardize over 100 branches and hundreds of jobs at its headquarters. As part of a financial recovery plan, chairman Nigel Railton is set to address staff about a review aimed…
The French government is bracing for widespread job losses, with estimates suggesting over 150,000 positions could be eliminated in the near future. Key sectors like Michelin and Auchan are facing severe cutbacks, prompting union leaders to warn of a ‘violent…
France is bracing for a wave of strikes in response to significant job cuts announced by Michelin and Auchan, with over 3,600 jobs at stake. Various sectors, including aviation, public transport, agriculture, and civil services, are mobilizing against government plans…
Amid escalating industrial challenges, France is bracing for significant job losses across multiple sectors, particularly in automotive and chemicals. Minister Marc Ferracci highlighted impending layoffs, suggesting over 150,000 jobs could vanish due to fierce international competition and rising operational costs….
Top restaurant and pub leaders warn that recent National Insurance tax increases could lead to significant job cuts and business closures. The Chancellor’s plan, which raises the employer NICs rate from 13.8% to 15% while lowering the payment threshold, has…
Nissan has announced it will cut 9,000 jobs worldwide and reduce its production capacity by 20% to adapt to plummeting sales. The decision comes after the company reported unexpected net losses of 9.3 billion yen (approximately 56 million euros) for…
