Latest in Bosch to Cut Thousands of Jobs as Auto Woes Intensify
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Bosch to Cut Thousands of Jobs as Auto Woes Intensify
Bosch said it expected to cut 3,500 jobs in its cross-domain computing solutions division by 2027. Subdued car sales and intense competition have hit earnings at carmakers.Business - The Wall Street Journal - 21 hours ago -
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Europe's Auto Woes Continue as Michelin, Schaeffler Plan Job Cuts
Michelin and Schaeffler said they plan to close factories and cut thousands of jobs in Europe as car-part suppliers reel from weakness in the automotive sector.Business - The Wall Street Journal - November 5 -
German auto technology supplier Bosch to cut 5,500 jobs, citing stagnant demand for cars and new technology
German auto technology supplier Bosch to cut 5,500 jobs, citing stagnant demand for cars and new technologyWorld - ABC News - 22 hours ago -
Volkswagen plans to close at least 3 German plants and cut thousands of jobs
Europe’s largest carmaker tells works council it would slash pay by 10%Business - Financial Times - October 28 -
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Ford to cut 4,000 jobs in Europe
Headcount reduction comes as industry faces pressure over EV switch and competition from ChinaBusiness - Financial Times - 2 days ago -
UK pledges thousands of new jobs in freeports plan
Critics have said freeports do not boost actual job numbers, but move investment to a different area instead.Top stories - BBC News - October 25 -
Charged £720 to have a key cut - soaring bills drive leaseholders to breaking point
A BBC News investigation reveals multiple complaints about charges imposed by a major freeholder.Top stories - BBC News - Yesterday -
Queen's University to cut jobs as it faces £11m deficit
The university told BBC News NI it is planning to cut the jobs through a voluntary redundancy scheme.Top stories - BBC News - October 25 -
Southwest Offers Buyouts and Blames Boeing for Job Cuts
The embattled carrier will lay off airport workers in several locations as it cuts flights due to a shortage for Boeing 737 aircraft.Business - Inc. - November 12 -
Job cuts 'inevitable' over £30m university deficit
Dundee University has told staff it faces "an extremely challenging period" for the higher education sector.Top stories - BBC News - November 14 -
UK’s largest retailers warn Reeves her Budget makes job cuts ‘inevitable’
Retail firms have written to the chancellor to say they cannot manage rising costs and tax bills.Top stories - BBC News - 3 days ago -
Layoffs in 2024: A List of Companies Cutting Jobs This Year
The layoffs are expected to be smaller and more targeted than those in 2023.Business - The Wall Street Journal - 18 hours ago -
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Volunteers enter South Africa shaft to aid miners
This week a government minister said those underground illegally would be "smoked out".Top stories - BBC News - November 15 -
Nissan cuts 9,000 jobs and halves CEO’s pay as it sinks to a loss
Carmaker to slash global production capacity by a fifth in emergency turnaround planWorld - Financial Times - November 7 -
Nissan Cuts 9,000 Jobs and Slashes C.E.O.’s Pay in Half
The Japanese automaker is carving deep cuts in its global operations as it struggles with a steep drop in sales.Business - The New York Times - November 7 -
Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell
Nissan is reporting a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory balloonedWorld - ABC News - November 7 -
Stellantis Plans to Cut 1,100 Jobs at U.S. Jeep Plant
Jeep maker Stellantis said it is cutting 1,100 jobs at a U.S. factory as it seeks to reduce high inventory levels that have weighed on its performance.Business - The Wall Street Journal - November 7 -
Restaurant workers' jobs threatened by Budget, bosses warn
Hospitality bosses are calling for changes to what they describe as "unsustainable" tax rises.Top stories - BBC News - November 10 -
Boeing to Repay Furloughed Staff and Cut 10 Percent of Jobs
Boeing furloughed thousands employees in the wake of the strike by 33,000 union machinists.Business - Inc. - November 10 -
GM Cuts 1,000 More Jobs as EV Push Continues
General Motors has cut 1,000 jobs, according to a person familiar with the reductions, marking the latest effort by the automaker to trim costs as it ramps up sales in unprofitable electric vehicles.Business - The Wall Street Journal - November 15 -
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Ford to cut 800 UK jobs as electric car sales stall
The move is part of a wider restructuring programme, which will see 4,000 posts closed across Europe.Top stories - BBC News - 3 days ago -
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Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow
The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.Business - The New York Times - 2 days ago -
Ford to Cut 4,000 Jobs in Europe in Cost-Saving Drive
Ford became the latest carmaker to seek deep cost savings as it grapples with timid demand for electric vehicles and rising competition.Business - The Wall Street Journal - 2 days ago