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Volkswagen workers condemn ‘disastrous’ communication over job cuts

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Business

BMW plans to cut around 8,000 jobs in major cost-saving drive

The German carmaker has agreed a voluntary redundancy programme targeting administrative and development roles, while ruling out compulsory redundancies and cuts to production jobs, according to media reports.

Business

Spain’s unemployment rate hits lowest level in 18 years

Summer hiring created 486,000 jobs in the second quarter, lifting the number of people in work to a record 22.8 million.

Business

Varta files for insolvency as German battery maker’s crisis deepens

Varta said it faces no immediate threat of failing to meet its payment obligations. Production is continuing, while wages and salaries will still be paid.

Business

Euroviews. Are employers hiring for today's labour market or the one they know?

Applications per role have roughly doubled since 2022, yet business leaders are telling me they can't find the talent they need. Something isn't adding up.

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Business

The majority of AI jobs now sit outside technological occupations

AI-labelled job titles in postings have been increasing rapidly across Europe. However, these opportunities are no longer limited to AI or data jobs as most are now in non-tech positions.

Business

No one wants to be the boss: Why is Gen Z turning down promotions?

Fewer young employees aspire to management roles and if businesses fail to develop new leaders and encourage Gen Z to take on managerial roles, they may find it increasingly difficult to maintain organisational effectiveness.

Economy

One in five EU jobs classed as vulnerable and Spain tops the list

Close to one in five jobs in the European Union qualifies as vulnerable on at least one of three counts, inadequate pay, insecure employment or a lack of workplace rights, according to a new report from Eurofound, which places Spain at the top of the table.

Business Line

Small businesses drive poverty reduction efforts

In partnership with Center for the Production of Content for Mass Media under the Administration of the President of the Republic of Uzbekistan

Farmers, livestock breeders and family-run businesses are expanding through loans, subsidies and local support programmes. According to the Ministry of Employment and Poverty Reduction, in Uzbekistan say millions of people have moved out of poverty over the past decade.

Business

Volkswagen lacks backing for overhaul plan with up to 100,000 job cuts

Volkswagen's proposed restructuring plan failed to win backing from the labour bloc on the company's supervisory board on Thursday, leaving uncertainty over additional job cuts and factory closures. The carmaker nevertheless laid out plans to reduce production capacity and simplify its model range.

Business

Volkswagen weighs 100,000 job cuts in battle for survival

German auto giant Volkswagen's management meets Thursday to discuss plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest any mass job cuts.

Economy

US job growth plummets as eurozone unemployment holds at record low

New labour market data highlights a growing transatlantic divide, with US payroll additions slowing drastically, while the Eurozone unemployment rate remains anchored at an all-time low.

Business

Spain jobless rate at 2008 low, foreign employment hits record

The State Public Employment Service recorded 2,291,982 jobseekers in June, 28,739 fewer than in May, dropping below 2.3 million for the first time since January 2008. Social Security membership also hit a record high.

Business

Lucky Strike maker BAT to axe 5,500 jobs worldwide in €695m cost drive

British American Tobacco is cutting 5,500 jobs across the globe and handing thousands more roles to outside contractors, as the cigarette giant races to strip out costs and pivot towards vapes and nicotine pouches.

Business

Crisis deepens: VW reportedly planning to cut up to 100,000 jobs

Volkswagen is reportedly preparing what could become the most radical overhaul in its history. Up to 100,000 jobs could be cut worldwide, while four German plants could close.

Make it Work

Portugal's €1.5bn push for vocational training

In partnership with the European Commission

Portugal is pushing vocational training, backed by nearly €1.5bn in EU funding, to prepare 55% of its secondary school students for in-demand jobs.

Economy

Bank of England holds interest rate at 3.75% as inflation steadies

The Bank of England left its key interest rate unchanged at 3.75% for a fourth consecutive meeting after fresh data showed inflation holding steady and the labour market continuing to cool without a sharp deterioration.