Germany’s largest automaker rode a wave of strong sales for years, but lagging demand and pressure from China are forcing it to consider layoffs.
Tag: Layoffs and Job Reductions
Volkswagen’s Woes Reflect a Stagnant German Economy
Germany’s largest automaker rode a wave of strong sales for years, but lagging demand and pressure from China are forcing it to consider layoffs.
Wall St. Journal Reporter Says She Was Fired Over Hong Kong Union Role
The journalist accused her former employer of failing to stand up for press freedom, a claim that the newspaper rejected.
‘Not Everything Was Bad’: Saluting the Mercedes of Eastern Europe and a Communist Past
A festival of classic cars from the communist era brings out some nostalgia in eastern Germany for pre-unification days, although the abuses that occurred behind the Iron Curtain aren’t forgotten.
Tesla Will Lay Off More Than 10% of Global Workforce
Along with the departure of two senior executives, the cuts added to signs of turmoil at the electric car company.
A ‘Tipping Point’ for News in New Zealand
“There was no single trigger that caused this,” James Gibbons, a regional executive at Warner Bros Discovery, said.
Murder and Magic Realism: A Rising Literary Star Mines China’s Rust Belt
In gritty tales from China’s northeast, Shuang Xuetao chronicles a traumatic chapter of Chinese history with fresh resonance today: the mass layoffs that afflicted the region in the 1990s.
Proposal to Reduce Royal Mail Deliveries in U.K. Draws Ire
Letter volumes have halved since 2011. Without significant changes, the beleaguered Royal Mail services will become “out of date,” according to a report.
Britain’s Largest Steel Mill to Become Greener, at a Cost of Jobs
Tata Steel said it would replace blast furnaces with an electric furnace, a move that will cut emissions but also as many as 2,800 jobs.
Argentina’s New ‘Anarcho-Capitalist’ President Starts Slashing
Javier Milei has railed against Argentina’s government for years. In his first week in charge, he’s begun cutting it down.