Cut Thousands Jobs - QuikReader

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 - 19 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

Historic moment for Volkswagen: Automaker plans to close ‘at least’ 3 German plants and cut thousands of jobs

World - Yahoo News - October 28

Ford Slashes Thousands Of Jobs In Europe

World - Yahoo News - Yesterday

Ford to cut 4,000 jobs in Europe

Headcount reduction comes as industry faces pressure over EV switch and competition from China

Business - 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.

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.

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.

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.

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 - 17 hours ago

Volunteers enter South Africa shaft to aid miners

World - Yahoo News - November 15

Volunteers enter South Africa shaft to aid miners

This week a government minister said those underground illegally would be "smoked out".

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

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 plan

World - 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 ballooned

World - 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.

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