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German car manufacturer Volkswagen, which implements the strategy for the development of the production of unmanned vehicles and electric vehicles, which requires an increase in costs, may, by 2023, reduce its staff by 7 thousand people, Handelsblatt writes, referring to sources familiar with the situation. The auto concern is striving to maintain profitability in the process of developing the production of new types of cars, which requires an increase in financial costs. To reduce production costs, the company planned to cut 5,000 administrative employees. However, according to sources, this number may increase to 7 thousand people.
Australia’s second-largest lender, Westpac Banking Corp. (WBC.AX), announced on Friday that it would pay AUD 8 Million ($5.5 Million) including interest to around 8,000 employees who have underpaid their long service leave entitlements ...
The breakfast and coffee chain Dunkin’ Brands Group Inc. (DNKN.O) stated on Monday that its franchise operators are planning to hire up to 25,000 employees in light of high demand after the United States reopened the restaurant industry. The ...
German automotive manufacturing company Volkswagen Group (VOWG) announced on Monday that it would gradually resume operations in the states of Puebla and Guanajuato on June 15. The company decided to pause its activities last March due to ...
American Airlines Group Inc. stated on Wednesday that it plans to cut 30% of its management and support staff or almost 5,000 jobs because of the coronavirus outbreak. American and other airlines are scrambling to cut costs because of the ...
Hyatt Hotels Corp. (H.N) announced on Monday that it would terminate 1,300 employees worldwide beginning on June 1. The move comes after a sharp fall in global travel struck the hospitality industry as people stay home to prevent the spread ...
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