Sotheby's is undergoing significant job cuts, with reports indicating over 100 employees affected amid efforts to reduce costs and adapt to market challenges.
Why Germany's Economy, Once a Leader in Europe, Is Now in Crisis
Germany's upcoming snap election is critical for reviving its economy amid high energy prices and job losses.
Ford's Layoffs Draw Criticism from German Union
Ford plans to cut 14% of its European workforce, facing backlash for job reductions in Cologne due to weak EV demand and stiff competition.
Thyssenkrupp: New battleground over German industrial jobs DW 12/11/2024
Thyssenkrupp Steel Europe plans substantial job cuts, notably affecting the Kreuztal-Eichen plant, leading to widespread employee distress and community ramifications.
Why Germany's Economy, Once a Leader in Europe, Is Now in Crisis
Germany's upcoming snap election is critical for reviving its economy amid high energy prices and job losses.
Ford's Layoffs Draw Criticism from German Union
Ford plans to cut 14% of its European workforce, facing backlash for job reductions in Cologne due to weak EV demand and stiff competition.
Thyssenkrupp: New battleground over German industrial jobs DW 12/11/2024
Thyssenkrupp Steel Europe plans substantial job cuts, notably affecting the Kreuztal-Eichen plant, leading to widespread employee distress and community ramifications.
UK retailers warn Reeves of 7bn hit from budget tax rises
UK retailers face a £7 billion cost increase risking job losses and higher consumer prices due to national living wage hikes and insurance contributions.
Bailey warns of job cuts, raised prices among SMEs amid the Budget and predicts interest rates for 2025 - London Business News | Londonlovesbusiness.com
Over half of UK employers plan job cuts due to rising costs and economic uncertainty following national insurance increases.
UK retailers warn Reeves of 7bn hit from budget tax rises
UK retailers face a £7 billion cost increase risking job losses and higher consumer prices due to national living wage hikes and insurance contributions.
Bailey warns of job cuts, raised prices among SMEs amid the Budget and predicts interest rates for 2025 - London Business News | Londonlovesbusiness.com
Over half of UK employers plan job cuts due to rising costs and economic uncertainty following national insurance increases.
Facebook UK cut 700 staff and reduced tax bill last year, accounts show
Facebook reduced its UK workforce by 10% as part of a global cost-cutting initiative, responding to revenue declines and overinvestments during the pandemic.
What the Omnicom-IPG deal means for workers across the global ad industry
The Omnicom-IPG merger will significantly disrupt the advertising industry, leading to job cuts and heightened competition as the companies consolidate.
Volkswagen cuts forecasts again as demand wanes while EV competition ramps up
Volkswagen AG has lowered its profit guidance for the second time this year, signaling deepening challenges in demand and competitiveness.
VW may close plants in Germany for the first time in its history
Volkswagen plans factory closures in Germany, marking a historic change for the company amidst rising costs and competition, risking tens of thousands of jobs.
Volkswagen intends to shut German 3 factories, labor says DW 10/28/2024
Volkswagen is closing at least three plants in Germany, leading to significant job losses as the company faces economic challenges.
Volkswagen's Woes Reflect a Stagnant German Economy
Volkswagen's potential job cuts and factory closures signify a deepening crisis in Germany's economy, reflecting broader industrial challenges.
Parts supplier cuts thousands of jobs as Germany's auto woes deepen
Germany's automotive industry is facing significant job cuts, highlighting economic challenges and the urgency for companies to adapt to market changes.
VW and workers lock horns over layoffs as profits plummet DW 10/30/2024
Volkswagen faces tough negotiations with unions over plant closures and layoffs amid a significant profit decline.
Volkswagen cuts forecasts again as demand wanes while EV competition ramps up
Volkswagen AG has lowered its profit guidance for the second time this year, signaling deepening challenges in demand and competitiveness.
VW may close plants in Germany for the first time in its history
Volkswagen plans factory closures in Germany, marking a historic change for the company amidst rising costs and competition, risking tens of thousands of jobs.
Volkswagen intends to shut German 3 factories, labor says DW 10/28/2024
Volkswagen is closing at least three plants in Germany, leading to significant job losses as the company faces economic challenges.
Volkswagen's Woes Reflect a Stagnant German Economy
Volkswagen's potential job cuts and factory closures signify a deepening crisis in Germany's economy, reflecting broader industrial challenges.
Parts supplier cuts thousands of jobs as Germany's auto woes deepen
Germany's automotive industry is facing significant job cuts, highlighting economic challenges and the urgency for companies to adapt to market changes.
VW and workers lock horns over layoffs as profits plummet DW 10/30/2024
Volkswagen faces tough negotiations with unions over plant closures and layoffs amid a significant profit decline.
The full list of auto companies cutting jobs, including GM, Ford, and Stellantis
Car companies are significantly restructuring due to slow EV demand, prompting job cuts and a shift towards hybrid vehicles.
Ford cuts 4,000 jobs in Europe amid weak demand for EVs and rising competition
Ford is cutting 4,000 jobs in Europe due to significant losses and rising competition, especially in the EV market.
Ford cuts 4,000 jobs in Europe, including 800 in UK, after slowdown in EV sales
Ford is cutting 4,000 jobs in Europe due to declining electric vehicle sales and rising competition.
Northvolt is looking for 300 million euros short terms funds by end of the month
Northvolt is seeking urgent funding to stabilize operations after significant layoffs amidst challenging conditions in the European electric vehicle market.
Nissan is laying off 9,000 workers and giving its CEO a pay cut
Nissan is cutting 9,000 jobs and revising profit outlook due to declining sales and insufficient hybrid models.
CEO takes a significant pay cut as part of cost-saving measures.
Ford to cut hundreds of jobs in the UK - London Business News | Londonlovesbusiness.com
Ford is cutting around 4,000 jobs in Europe, including 800 in the UK, to improve cost competitiveness.
The full list of auto companies cutting jobs, including GM, Ford, and Stellantis
Car companies are significantly restructuring due to slow EV demand, prompting job cuts and a shift towards hybrid vehicles.
Ford cuts 4,000 jobs in Europe amid weak demand for EVs and rising competition
Ford is cutting 4,000 jobs in Europe due to significant losses and rising competition, especially in the EV market.
Ford cuts 4,000 jobs in Europe, including 800 in UK, after slowdown in EV sales
Ford is cutting 4,000 jobs in Europe due to declining electric vehicle sales and rising competition.
Northvolt is looking for 300 million euros short terms funds by end of the month
Northvolt is seeking urgent funding to stabilize operations after significant layoffs amidst challenging conditions in the European electric vehicle market.
Nissan is laying off 9,000 workers and giving its CEO a pay cut
Nissan is cutting 9,000 jobs and revising profit outlook due to declining sales and insufficient hybrid models.
CEO takes a significant pay cut as part of cost-saving measures.
Ford to cut hundreds of jobs in the UK - London Business News | Londonlovesbusiness.com
Ford is cutting around 4,000 jobs in Europe, including 800 in the UK, to improve cost competitiveness.
HSBC managers are competing to keep their jobs in CEO's revamp
HSBC is restructuring its corporate and institutional banking division, leading to potential job cuts and requiring managers to reapply for their positions.
Santander to axe more than 1,400 jobs - London Business News | Londonlovesbusiness.com
Santander to cut over 1,400 jobs in the UK to reduce costs and automate operations.
Boeing's European rival Airbus is axing up to 2,500 jobs at its space and defense unit
Airbus is cutting up to 2,500 jobs in its space and defense unit to address financial struggles.
HSBC managers are competing to keep their jobs in CEO's revamp
HSBC is restructuring its corporate and institutional banking division, leading to potential job cuts and requiring managers to reapply for their positions.
Santander to axe more than 1,400 jobs - London Business News | Londonlovesbusiness.com
Santander to cut over 1,400 jobs in the UK to reduce costs and automate operations.
Boeing's European rival Airbus is axing up to 2,500 jobs at its space and defense unit
Airbus is cutting up to 2,500 jobs in its space and defense unit to address financial struggles.
Nissan is officially in trouble, entering emergency recovery mode with drastic measures including job cuts and reduced production to improve efficiency.
Nissan to cut 9,000 jobs globally after sinking to a loss
Nissan is cutting 9,000 jobs and reducing production capacity by 20% to combat financial losses.
Nissan Cuts 9,000 Jobs and Slashes C.E.O.'s Pay in Half
Nissan is cutting 9,000 jobs and slashing production capacity by 20% amid significant sales declines and a 90% drop in operating profit.
Nissan Enters 'Emergency Recovery Mode'
Nissan is officially in trouble, entering emergency recovery mode with drastic measures including job cuts and reduced production to improve efficiency.
Nissan to cut 9,000 jobs globally after sinking to a loss
Nissan is cutting 9,000 jobs and reducing production capacity by 20% to combat financial losses.
Nissan Cuts 9,000 Jobs and Slashes C.E.O.'s Pay in Half
Nissan is cutting 9,000 jobs and slashing production capacity by 20% amid significant sales declines and a 90% drop in operating profit.
Asda cuts jobs and mandates office attendance amid turnaround efforts
Asda mandates in-office work three days a week while cutting jobs to streamline operations and improve competitiveness.
Santander bank cutting more than 1,400 jobs amid landmark car loan ruling
Santander UK is cutting 1,425 jobs to automate operations and has delayed financial results publication due to a court ruling.
High street bosses warn there could be just losses if there is business rate rise - London Business News | Londonlovesbusiness.com
Rising business rates linked to inflation may lead to job cuts and reduced hours for hospitality and retail sectors.
Riot makes more cuts, this time to crown jewel League of Legends
Riot Games is cutting jobs from the League of Legends team to ensure the right expertise for the game's long-term success.
Dulux owner AkzoNobel to cut 2,000 jobs worldwide
AkzoNobel plans to cut 2,000 jobs worldwide to reduce costs and enhance efficiency by 2025.
IBM AI simply not up to the job of replacing staff
IBM's strategy to replace jobs with AI may lead to outsourcing and loss of organizational expertise, as employees express skepticism about the effectiveness of this plan.