Airbus to cut more than 2,000 jobs across Europe, including almost 700 in Germany
Airbus has announced it is cutting more than 2,000 jobs across Europe within its Defence and Space division, citing economic challenges and intensifying competition…
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Europe’s biggest motorbike producer faces insolvency
KTM, the Austrian motorcycle manufacturer, is facing insolvency and will apply for restructuring in accordance with the Austrian Insolvency Act.
Automotive supplier Bosch plans to cut 5,550 jobs, most in Germany
In a new blow for the struggling German car industry, auto parts supplier Bosch has said it wanted to cut more jobs than previously indicated in May, when the company…
Ford to slash 14% of European workforce, citing EV transition and intensifying competition
Ford said on November 20 it would cut around 14 per cent of its European workforce, blaming significant losses in recent years compounded by weak demand for electric…
German deindustrialisation: Unions propose wage-rise delay to save VW plants
Workers unions in Germany have proposed that Volkswagen delay wage increases to save manufacturing plants in Germany.
US tobacco giant Philip Morris to close German plants as Europeans smoke less
US multinational tobacco giant Philip Morris has said it planned to close two German factories due to falling demand across Europe.
German car industry chief warns one-in-four jobs at risk in next decade
Volkswagen's recent shock announcement to cut tens of thousands of jobs, in concert with wage restrictions, was not an isolated event but part of a much bigger crisis,…
Polish radio station U-turns on AI journalists replacing live presenters
Publicly owned Off Radio Kraków has stopped using AI journalists in place of human presenters after protests from reporters and the State media regulator.
Volkswagen crisis: Tens of thousands of German jobs at risk with factory closures
German multinational car giant Volkswagen has announced dramatic austerity measures as the company struggles with declining sales and revenue.
Sweden’s EV battery Northvolt lays off 840 workers as financial pressures bite
Swedish battery manufacturer Northvolt, which specialises in lithium-ion technology for electric vehicles, has announced it will lay off 840 people as it continues…
Airbus to cut up to 2,500 jobs in defence and space, sources say
Airbus plans to cut up to 2,500 posts in its Defence & Space division after spiralling losses on satellite projects, two people familiar with the matter said on…
German company insolvencies at highest level since 2010, thousands of jobs affected
Germany has reportedly experienced a near-record number of corporate insolvencies, with a major economics firm warning that insolvencies have hit their highest point…
Chemistry giant BASF considers closures at main plant in Germany
German chemistry giant BASF has said it was contemplating the closure of one in seven facilities at its main plant in Ludwigshafen.
Volkswagen warns of German plant closures
Volkswagen said on Monday it can no longer rule out plant closures in Germany as it pursues ways to save several billion euros in a cost-cutting drive at its namesake…
Unilever to axe a third of office jobs in Europe
Unilever, a leading British multinational in the consumer goods section, wants to get rid of one in three European office jobs, or 3,200 employees.
EU bureaucracy, taxes and energy costs forces major auto manufacturer abroad
Germany's second-largest automotive supplier, ZF Friedrichshafen, is planning to close plants in Europe and cut up to 12,000 jobs.
Siemens ‘may cut thousands of jobs in wind division’ as losses stack up
Siemens Energy could cut up more than 4,000 jobs across Europe as falling demand and other economic problems take their toll on the wind industry.
Tired of rising energy costs, Michelin and Goodyear to pull out of Germany
The "rapid" deterioration of the market outlook in Germany has led to Goodyear shutting two plants, one in Brandenburg and one in Hesse.
German labour market shows signs of cracking as economy struggles
German companies are thinking twice about hiring staff amid an increasingly uncertain economic environment, according to a study by the Ifo Institute.