Dutch giant Heineken to cut up to 6,000 jobs on falling demand, despite solid profits
Dutch brewing giant Heineken has announced plans to eliminate between 5,000 and 6,000 jobs globally over the next two years.
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Popular articles tagged "spending cuts"
US cuts NATO staff roles as Trump targets ‘Arctic security’
The US Government has formally notified European allies of its decision to eliminate approximately 200 personnel positions from several key NATO command centres.
German cities pull plug on ‘too costly’ Christmas lights
Several German cities have scaled back or scrapped traditional Christmas illuminations this year, citing soaring costs and strained municipal budgets as the festive…
Volvo plans cost cuts of €1.6 billion and staff reductions
Swedish automaker Volvo Cars has announced a cost-cutting initiative worth 18 billion Swedish krona (€1.
German post to cut 8,000 jobs as part of cost-saving strategy
DHL unveiled plans on March 6 to cut about 8,000 jobs in Germany this year as part of a strategy to save more than €1 billion by 2027, after the logistics group…
Austria will scrap ‘green’ subsidies, say coalition negotiators
The Austrian Freedom Party and the People’s Party pledged cuts in "climate subsidies" to curtail Austria's ballooning budget deficit.
Wilders: Cut spending on climate policies and Ukraine to fund tax cuts
Dutch hard-right leader Geert Wilders called on his country's government to cut spending on climate policies and the Ukraine war to fund tax cuts.
Austrian coalition negotiators send Brussels their planned budget cuts to avert deficit procedure
Representatives of Austria's emerging right-wing coalition government have sent a letter to the European Commission outlining measures they will take to reduce the…
France’s belt-tightening budget aimed at reining in debt, finance minister says
France's belt-tightening budget will attempt to regain control over the country's "colossal" debt burden, Finance Minister Antoine Armand has said.
KLM to cut costs over post-COVID customer lull
Dutch low-cost airline KLM has announced it will cut or delay investments and introduce cost-saving measures due to inflated costs combined with its failure to recover…
Germany wants to cut billions in subsidies for heat pumps
Due to the tight budgetary situation in Germany, the progressive government must significantly cut back on subsidies for installing heat pumps, which are a controversial…
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.
This will hurt: France braces for budget cuts
After decades of spending beyond its means, France must in the coming weeks show how it will avoid a budget crunch that is putting its credit ratings at risk and…
Germany freezes new spending as budget is hamstrung
In the midst of a severe fiscal crisis, the German Government has imposed a moratorium on virtually all new expenditure
Italy unveils tax-cutting 2024 budget amid debt worries
Italy's government on Monday approved a budget for next year with measures worth around 24 billion euros in tax cuts and increased spending, despite market concerns…
Macron bypasses parliament vote on budget with maligned tool
French President Emmanuel Macron is bypassing parliament votes to push ahead with his plans to cut debt, boost green and defence spending, and secure access to billions…
Big spender Brussels ‘on its way to 300 per cent debt’
The Brussels-Capital Region risks being mired in enormous debt, according to a study by the University of Namur.
Germany approves austerity budget following economic downturn
The German Government’s cabinet approved its new budget on July 5, which will see substantial spending cuts as the European Union's biggest economy slides further…
German food banks plead for state support amid ‘frightening’ demand spike
German food banks claim they are in the midst of a crisis amid a "frightening" spike in demand, with some officials now calling for the German Government to step…