Latest in Closures Job Cuts
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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 -
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 -
Would a Strong Job Market Stop Fed Rate Cuts? This Official Says No.
Mary C. Daly, the president of the Federal Reserve Bank of San Francisco, said that the central bank shouldn’t act “out of fear.”Business - The New York Times - October 15 -
Airbus to cut up to 2,500 jobs at defence and space unit
Planned reductions are a response to cost increases and stiffening competitionBusiness - Financial Times - October 16 -
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Boeing competitor Airbus to cut up to 2,500 jobs in space, defense sector
Boeing competitor Airbus on Wednesday announced it would take steps to cut 2,500 jobs in the company’s defense and space division through the middle of 2026. Airbus said the job cuts would result ...Politics - The Hill - October 17 -
PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz
PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.Business - The Wall Street Journal - October 17 -
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 - 3 days ago -
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 - 2 days ago -
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 - Yesterday -
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 - 2 days ago -
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 - Yesterday -
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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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 -
Why pharmacy chains are seeing mass store closures
Walgreens this week announced that 1,200 of its stores could close soon, while CVS, which is also in the process of major staffing cuts, announced Friday that CEO Karen Lynch was being replaced. ...Top stories - CBS News - October 18 -
M25 and M26 closures as fire engulfs Tesco lorry
National Highways says diversions are likely to be in place until the road undergoes repairs.Top stories - BBC News - October 21 -
Biltmore Estate reopening after Helene closure
The Biltmore Estate in Asheville, N.C. is reopening at the start of November after more than a month of recovery efforts following Hurricane Helene. The Nov. 2 opening date will mark the start of ...Politics - The Hill - October 21 -
PSG handed stand closure for anti-gay chanting
Paris Saint-Germain will have to partially close a stand at their home stadium when they host Toulouse on Nov. 22 after being sanctioned over anti-gay chanting during a match against Strasbourg ...Sports - ESPN - November 1 -
'My £750 vouchers are useless after restaurant closure'
Customers are told their vouchers are non-transferrable and to contact their banks.Top stories - BBC News - 1 hour ago -
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Daughter of woman missing since Hurricane Helene looks for closure
Nearly 100 people remain missing in North Carolina after Hurricane Helene hit three weeks ago, as crews continue to search through layers of mud and debris.Top stories - CBS News - October 16 -
‘It’s desperation’: Ireland’s restaurant industry facing crisis with daily closures
Rise in VAT, inflation and people working from home has led small business owners to demand government support. Blazing Salads, Dillingers, Assassination Custard and Brasserie Sixty Six in Dublin, ...World - The Guardian - October 20 -
Pub boss warns of closures with many landlords making only 12p a pint
The boss of Britain's biggest pubs group urges the chancellor to extend business rates relief.Top stories - BBC News - October 24 -
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Closure of UK inheritance tax ‘loophole’ to penalise estates of wealthy pensioners
Experts say big tax bills could result from Rachel Reeves’ move in the BudgetBusiness - Financial Times - October 30
