Latest in Ford to cut 4,000 jobs in Europe
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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 - 1 hour 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 hours ago -
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Ford’s troubles continue. Its stock price slumps as automaker plans job cuts
Ford outlined plans to lay off 4,000 employees in the U.K. and Germany in response to a series of losses it blamed on unprecedented competitive, regulatory and economic headwinds in Europe’s car ...Business - MarketWatch - 1 hour ago -
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 - 4 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 -
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Intesa Sanpaolo unveils plans to cut 9,000 jobs
Italy’s largest bank wants to reduce costs by accelerating its digital transformationBusiness - Financial Times - October 23 -
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 - 6 days ago -
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 - Yesterday -
Europe Urges Trump to Support Ukraine but Braces for Possible Cut in U.S. Aid
European leaders have discussed how to help Ukraine fend off Russia without Washington’s support, even as they try to convince the president-elect not to cut aid to Kyiv.World - The Wall Street Journal - November 8 -
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 -
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 - 5 days ago -
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Tech giants are investing in 'sovereign AI' to help Europe cut its dependence on the U.S.
Tech giants are investing in the development of "sovereign" AI models in Europe to reduce the region's dependence on largely U.S.-controlled infrastructure.Business - CNBC - 6 days ago -
Spirit Airlines stock jumps 15% after struggling budget carrier said it will sell planes, cut jobs
Spirit Airlines shares rose after the struggling carrier said it will cut jobs and sell planes.Business - CNBC - October 25 -
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Hospitality bosses warn Reeves’ UK tax increases will lead to ‘drastic’ job cuts
More than 200 sign letter to chancellor saying rises in national insurance contributions will cause business closuresBusiness - Financial Times - November 10 -
Gallerist Atsuko Ninagawa on how to navigate Tokyo’s art scene
A tour of the city’s cultural highlights with the co-founder and director of Art Week TokyoWorld - Financial Times - October 29
