English

More about this topic

Business

British Steel closes plant after failing to get UK government help

More than 2,000 jobs are at risk as Britain's second-biggest steelmaker failed to get an agreement with the UK government to support further operations.

Green News

US forecasts will worsen with fewer weather balloons, experts warn

Weather balloons are an “essential piece of the forecasting system.” But there will be fewer of them in tornado season this year.

Europe in Motion

AI use at work: Which are the most sceptical countries in Europe?

Most EU workers believe AI technologies are having a positive impact on their job, but at the same time remain afraid robots might take them away in the future.

Markets

DHL's shares soar 10% as it announces savings plan and job cuts

The German logistics company announced a cost-saving plan after a "challenging" year in 2024. However, investors applauded fourth-quarter results.

ADVERTISEMENT

Europe News

Belgian Audi factory closes, leaving thousands of workers jobless

Audi operations will be moved to China and Mexico due to high costs. Future uses for the site in the Brussels neighbourhood of Forest are being considered.

Business

Starbucks lays off 1,100 workers globally in bid to boost efficiency

The cuts come after CEO Brian Niccol assumed his post in September, tasked with boosting declining customer demand.

Business

Porsche to cut almost 2,000 jobs in Germany as EV demand declines

The carmaker blamed the job losses on lacklustre demand for electric vehicles and “challenging geopolitical and economic conditions”.

Europe News

EU metalworkers demand job protections amid green transition

European metalworkers in Brussels called for job protections and more training during the green transition. Since 2019, nearly one million industrial jobs have been lost, and many more are at risk.

Business

Bosch: Up to 10,000 German jobs at risk as car market stutters

The world's largest supplier of car parts has been hit by weak demand, strong Chinese competition and slow transition to EVs.

Business

Plant closures and job cuts: Volkswagen resumes talks with unions

Management and unions at Volkswagen have yet to find common ground in talks concerning the German car maker's proposal on possible job cuts and plant closures. Workers took strike action on Monday.

Work

Why are companies firing Gen Z employees soon after hiring them?

A recent report found that companies were dissatisfied with their Generation Z (Gen Z) new hires and may avoid hiring recent graduates in the future.

Business

French bank previously owned by HSBC plans to slash 1400 posts

CCF, formerly HSBC France, is planning to cut 36% of its workforce and close a third of its branches.

Economy

Big drop in German consumer confidence beats hopes of economic growth

A key survey shows Germans preparing to tighten their belts rather than boost private consumption, the sector which provides half of the GDP in Europe's biggest economy.

Business

Volkswagen workers offer to take pay cut as wage talks continue

As Volkswagen’s wage negotiations enter a third round, employees have offered to accept a wage cut, in return for guarantees from the company that it will not shut down German plants, and will protect job security.

Business

Ford to cut thousands of jobs in Europe blaming poor EV sales

The job cuts, which will account for around 14% of the company's total European workforce, are expected to happen by the end of 2027.

Business

Europe: Half of workers stressed, one-third eyeing job change

ManpowerGroup's survey examines workers' perceptions, finding stress as a widespread issue. CCO Becky Frankiewicz tells of the importance of work-life balance, career development, and skills training for staff retention.

Business

Deutsche Bank to axe more than 100 bankers in attempt to slash costs

Deutsche Bank is reported to be planning to remove more than 100 posts among its senior private wealth and retail bankers in a continuing programme aimed at driving down costs at the German bank.

Europe News

Thousands of job cuts on the way across struggling sectors in Europe

The latest redundancy plans come from German car parts maker Schaeffler and French grocery chain Auchan.

Europe in Motion

Which sectors in Europe are most threatened by automation?

Eighty-three million positions might be at risk by 2027, with jobs in accommodation, wholesale and arts potentially severely impacted.

Business

Italian bank plans huge job cuts as it looks to AI and digitalisation

Intesa Sanpaolo is to cut thousands of jobs and focus on a more resilient business model including more use of artificial intelligence and digitalisation.