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Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says
Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.Business - CNBC - 4 days ago -
Chinese online retailer Temu faces European Union investigation into rogue traders and illegal goods
Chinese online retailer Temu is facing a European Union investigation over suspicions it’s failing to prevent the sale of illegal productsTech - ABC News - Yesterday -
One year on, we know this: Sweden’s trade unions are more than a match for Elon Musk | German Bender
This long-running strike could be resolved if Tesla recognised a simple fact that I’ve uncovered in my reporting. The US presidential election has not been the only high-stakes date looming for ...World - The Guardian - 10 hours ago -
Boeing to Cut 10% of Workers Amid Strike, Delay New 777X Production
The plane maker plans to book $5 billion in charges on troubled programs and warns of a deeper quarterly loss amid machinists strike.Business - The Wall Street Journal - October 11 -
Boeing prepares layoff notices for thousands of workers as turmoil deepens
Thousands of Boeing staff will get layoff notices within weeks, a union and industry sources said, as a senior U.S. official flew to Seattle to try to ease a crippling strike and a major airline ...Top stories - NBC News - October 15 -
Boeing’s bonds signal view that company has bought time with credit-raters to avoid slide to junk
Boeing Co., under pressure to boost liquidity, filed a $25 billion shelf registration Tuesday to offer equity or debt over the next three years and announced a new credit agreement with lenders.Business - MarketWatch - October 16 -
Boeing to raise as much as $25 billion to shore up balance sheet
The equity or debt raise of up to $25 billion would be over three years Boeing said.Business - CNBC - October 16 -
Boeing Seeks to Line Up Billions in Financing as Strike Goes On
The aerospace giant said it could raise as much as $25 billion in debt or equity over the next three years, including a $10 billion line of credit.Business - The New York Times - October 15 -
Boeing to Sell at Least $10 Billion in Shares to Plug Cash Drain
The jet maker moves to raise much needed cash and secures a new credit line amid paralyzing machinist strike.Business - The Wall Street Journal - October 15 -
Boeing seeks to raise up to $25bn through stock and debt offering
Planemaker also enters into $10bn credit agreement in ‘challenging environment’ amid strikes and safety concerns. Boeing is seeking to raise up to $25bn (£19bn) in an attempt to shore up its ...World - The Guardian - October 15