Volkswagen is set to implement substantial job cuts and cost reductions in Germany. The company plans to shrink its workforce by 19,000 by ...

European firms are reducing workforce due to economic challenges. Several companies including Stellantis, Volkswagen, and Volvo Trucks have...

Several automotive companies are announcing plant closures and layoffs in Europe. Companies like Valeo, Stellantis, Bosch, Ford, Michelin, ...

Thyssenkrupp Steel Europe will cut 11,000 jobs by 2030. The German steelmaker will also reduce production. The company blames cheaper Asian...

Volkswagen is revamping its strategy in China, creating a "China for China" initiative due to the country's dominance in the electric car m...

The order for immediate layoffs, the ensuing panic and the about-face reflect the chaos that has engulfed Twitter since Musk took over the ...

Germany's largest trade union IG Metall on Aug. 15 proposed negotiating for a transition to a four-day week across industry to help secure ...

London, Jun 5 (AP) Luxury British carmaker Bentley is to cut up to 1,000 jobs and has warned of more to come as it tries to limit the damag...

When TaMo CEO Butschek took over in mid-Feb last year, he quickly got down to executing his game plan, going for growth with more products ...