Latest in Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says
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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 - October 28 -
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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Volkswagen's employee council says the automaker plans to close at least 3 German plants
The head of Volkswagen's works council says the company has informed employee representatives that it wants to close at least three plants in GermanyWorld - ABC News - October 28 -
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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 -
Reeves’ Budget measures risk hitting ‘working people’, analysts say
Some businesses will struggle with tax rises alongside a higher minimum wage and new labour lawsWorld - Financial Times - October 29 -
The VW labour boss at war with management over plant closures
Daniela Cavallo views clash as existential fight for carmaking in Europe’s biggest economyBusiness - Financial Times - November 8 -
Volkswagen Could Close 3 Plants in Germany to Cut Costs
The auto maker’s top employee representative told workers that management planned to shutter factories for the first time in the company’s 87-year history.World - The New York Times - October 28 -
For First Time in 87 Years, Volkswagen May Close 3 Plants in Germany
The automaker’s top employee representative told workers that management planned to shutter the factories to cut costs amid slumping sales.Top stories - The New York Times - October 28 -
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Spirit Plans Layoffs and Plane Sales Amid Financial Turbulence
The company disclosed its plans for $80 million worth of cost-cutting moves, but has shared few details.Business - Inc. - October 28 -
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Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans
German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.Business - CNBC - October 30 -
Volkswagen cuts plan sends shock through the ‘Detroit of east Germany’
In the city of Zwickau, which has a proud history in the country’s mighty automobile industry, there are fears about the economic and political fallout . Zwickau gained its nickname as the Detroit ...World - The Guardian - November 3 -
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 -
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The Associated Press says buyouts and some layoffs are ahead as it seeks to cut its workforce by 8%
The Associated Press says it is looking to cut 8% of its workforce, primarily through buyouts, and employees eligible to leave their jobs would begin getting notificationsEntertainment - ABC News - 2 days ago -
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Volkswagen to close three German factories and lay off thousands of workers, employees say
Volkswagen, Europe’s largest car manufacturer, is planning to permanently shrink the size of its German operations.Business - MarketWatch - October 28 -
Volkswagen Profit Shrinks as Unions Threaten Strike
Germany’s biggest automaker said its profit dropped 42 percent in the third quarter, as union leaders warned that workers were ready to walk out over a wage dispute.Business - The New York Times - October 30 -
UK holds talks with China’s Jingye to avert closure of British Steel plants
Support package drawn from £2.5bn war chest being prepared to try and keep Scunthorpe site openBusiness - Financial Times - November 9 -
Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts
The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expensesBusiness - MarketWatch - October 30 -
Union calls Democratic party staff layoffs after record fundraising ‘callous’
Leadership accused of betraying party values after sudden announcement of layoffs without severance. The union representing workers at the Democratic National Committee (DNC) has accused the ...World - The Guardian - 3 days ago -
How to Attract Holiday Shoppers? Target and Walmart Say: Price Cuts and Throwbacks
Big-box retailers are rolling out discounts ahead of the winter shopping season.Business - Inc. - October 23 -
Volkswagen in Drive to Cut Costs as Earnings Plunge
The automaker said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China.Business - The Wall Street Journal - October 30 -
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Volkswagen Faces Prospect of Strikes in December as Talks With Unions Set to Continue
Negotiations are set to resume on Dec. 9 as the German car maker faces weak demand for electric vehicles and competition from lower-cost Chinese competitors.Business - The Wall Street Journal - 5 hours ago -
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Associated Press to cut 8% of staff through layoffs and buyouts
Agency president says fewer than half of cuts should affect news division as 121 people reportedly given buyout offers. The Associated Press announced on Monday that it plans to reduce its ...World - The Guardian - 3 days ago -
Pay offer being considered by health unions
BBC News NI understands a pay award backdated to this August is currently being considered by union reps.Top stories - BBC News - 6 days ago -
