Latest in Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell
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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 -
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 -
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 -
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 - Yesterday -
Automakers Want Trump to Keep Federal E.V. Regulations in Place
Donald J. Trump promised to erase Biden tailpipe rules that are designed to get carmakers to produce EVs. But Detroit wants to keep them.Business - The New York Times - 6 hours ago -
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 - Yesterday -
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Nissan Becomes Activist Investor's Next Japanese Target
Effissimo Capital Management says it has built a stake days after the carmaker unveiled sweeping restructuring and cost-cutting plans.Business - The Wall Street Journal - 6 days ago -
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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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Nissan to warn jobs at risk as UK EV targets push car industry to ‘crisis point’
Carmakers fear goals unreachable as consumer demand softensBusiness - Financial Times - 5 days ago -
Ford to cut 4,000 jobs in Europe
Headcount reduction comes as industry faces pressure over EV switch and competition from ChinaBusiness - Financial Times - Yesterday -
Nissan shares plunge over 10% after downbeat quarterly results, production-cut plans
The automaker posted disappointing second-quarter results and announced reductions in production and staff.Business - CNBC - November 8 -
The EU is imposing duties on electric vehicles from China after trade talks fail
The European Union says it will impose duties on imports of electric vehicles from China on Wednesday after talks between Brussels and Beijing failed to find an amicable solution to their trade ...World - ABC News - October 30 -
The E.U. is imposing duties on electric vehicles from China after trade talks fail
The European Union is imposing duties on imports of electric vehicles from China starting Wednesday after talks between Brussels and Beijing failed.Top stories - NBC News - October 30 -
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 - 2 days ago -
Immigration cuts: Why prime ministers keep failing to meet their targets
Promises on net migration have been made for 15 years - but few kept themTop stories - BBC News - November 12 -
Just Eat Takeaway to sell US arm Grubhub at a loss of more than $6.5bn
Netherlands-based firm offloads unit to fast casual restaurant chain Wonder for $650m four years after buying it for $7.3bn. The food delivery company Just Eat Takeaway is selling Grubhub to the ...World - The Guardian - November 13 -
McDonald's to resume selling its popular Quarter Pounder this week
McDonald's said it would resume selling its Quarter Pounder hamburgers, saying the meat was not the source of E. coli infections that have sickened at least 75 people and killed one man. A ...Top stories - NBC News - October 28 -
Google Selling Chrome Won’t Be Enough to End Its Search Monopoly
Despite shared concerns about Google’s power, critics of the company and former executives express little agreement on what, if anything, can really be done to increase competition.Tech - Wired - 18 hours ago -
US agency says Tesla's public statements imply that its vehicles can drive themselves. They can't
The U.S. government’s highway safety agency says Tesla is telling drivers in public statements that its vehicles can drive themselvesTech - ABC News - 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 -
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 -
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
