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OLIVER BLUME RESTRUCTURING PLAN
Volkswagen scraps revenue growth forecast as tariffs, China weighVolkswagen now expects sales revenue to decline by up to three percent this year. The company announced a radical overhaul to counter costl...- Govt revamps housing ministry with two new departmentsThe Ministry of Housing and Urban Affairs has been reorganized into two distinct departments. The Department of Capital Development will ma...
- Nokia says AI, cloud boosted sales in second quarterFinnish telecommunications equipment maker Nokia said that demand for its AI and cloud services drove sales higher in the second quarter, b...
- Uber cuts 10% customer service jobs as AI becomes latest driver of tech layoffsUber has cut 10% of its customer service workforce, marking the first time the company has directly linked layoffs to artificial intelligen...
- Tata Communications flags role cuts, takes Rs 44.78 cr chargeTata Communications is restructuring its organization, incurring a one-time staff cost optimization charge. The company reported a decline ...
- MTNL liabilities reach Rs 40,000 cr in FY26; no restructuring plan in work: Jyotiraditya ScindiaMTNL's liabilities have reached approximately forty thousand crore rupees by fiscal year 2025-26. Government measures have helped MTNL beco...
- Karl Ravech ESPN exit: Veteran broadcaster reportedly leaves network after 30 years, career, net worth and moreKarl Revech a longtime ESPN commentator has reportedly been released by network. This move follows the recent layoff of former NFL player R...
- Anant Raj to demerge data centre arm into separately listed companyAnant Raj will demerge its data centre and cloud business into Ashok Cloud Pvt Ltd, creating a separately listed digital infrastructure com...
- Global Market: Ant International raises $1.2 billion to fuel global expansionAnt International has raised $1.2 billion in a fresh funding round backed by Ant Group and Alibaba to accelerate its global expansion acros...
- 7 things to know about a retirement income tool that most Indians overlook and it's not for retirees only!
- Turtlemint Q4FY26 revenues rise 42%, posts first quarterly profitTurtlemint reported a 42% revenue increase and its first net profit. This achievement followed its stock market debut in June 2026. The ins...
- Volkswagen workers to grill CEO on overhaul threatening 140,000 jobs, works council saysVolkswagen's works council will host staff assemblies with CEO Oliver Blume in August. Workers can question him about plans that threaten u...
- Ultrahuman is in talks to bag $60 million at $400 million valuationThe funding could value the Bengaluru-based company at $360-400 million post-money, they added. The final size, terms, and investor mix may...
- Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gapVolkswagen's CEO revealed plans for up to 50,000 additional job cuts. This move aims to match rival automakers' competitiveness and reduce ...
- South Korea flags record 2027 budget of over $530 billion as AI chip boom lifts revenuesSouth Korea plans record budget spending exceeding 800 trillion won for fiscal 2027. This significant spending will be supported by stronge...
- Volkswagen CEO looks to avoid plant closures as automaker moves to cut costsVolkswagen's CEO is pursuing cost cuts to improve automaker performance. He aims to avoid closing German plants while streamlining the mode...
- Volkswagen rescue plan 'short on specifics' after tense stakeholder talksVolkswagen management showed little progress from stakeholder talks on Thursday. The company repeated known targets for streamlining operat...
- Unions to protest as Volkswagen thrashes out job cut plansGerman auto giant Volkswagen's management meet Thursday to thrash out plans for what could be the biggest ever restructuring in the global ...
- What are the key issues in Volkswagen's restructuring efforts?Volkswagen's board will meet July ninth to discuss a major transformation plan. This plan includes potential closures of four German plants...
- Volkswagen CEO aims to cut 100,000 jobs in major overhaul, Manager Magazin reportsVolkswagen CEO Oliver Blume is reportedly planning significant changes, including potentially cutting up to 100,000 jobs globally and closi...
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