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Europe’s Auto Woes Continue as Michelin, Schaeffler Plan Job Cuts
Michelin and Schaeffler said they plan to close factories and cut thousands of jobs in Europe as car-part suppliers reel from weakness in the automotive sector.
Schaeffler announces 4,700 job cuts in Europe as operating profit falls by 45%
Schaeffler announces 4,700 job cuts across Europe after a 44.9% drop in Q3 profits, citing challenges in the automotive industry.
Parts supplier cuts thousands of jobs as Germany's auto woes deepen
Auto parts supplier Schaeffler plans to reduce its workforce and close two locations, just days after union officials warned of VW factory closures.
Michelin Plans to Cut Around 1,250 Jobs With Closure of Two French Factories
The automotive manufacturer said it would shut down its production sites in Cholet and Vannes by early 2026 at the latest.
Europe auto struggles lead to cuts at Michelin, Germany's Schaeffler
French tyre company Michelin said Tuesday it would close two French plants by early 2026 and German parts maker Schaeffler announced 4,700 job cuts, the latest signs of struggles in
Investopedia
2d
What Is the Tax Cuts and Jobs Act (TCJA)?
However,
cuts
for individuals expire in 2025 ... "Mnuchin Says FEMA Doing 'a Terrific
Job
' in Puerto Rico." Department of ...
7d
on MSN
F5 confirms new round of job cuts, continuing annual pattern of workforce reductions
F5 continued its practice of trimming its workforce after the close of its fiscal year, impacting roles across several teams ...
3d
on MSN
Elon Musk's X may announce another round of job cuts, this division expected to be affected
Elon Musk's social media platform X, formerly Twitter, is expected to announce another wave of layoffs, possibly affecting ...
electrive
4d
Massive job cuts at Swiss e-bike manufacturer Flyer
The German bicycle purchasing cooperative ZEG is apparently planning far-reaching job cuts at the Swiss e-bike manufacturer ...
4h
Asda demands 3 day return to office and reveals job cuts
Asda is forcing staff to return to the office a minimum of three days per week while slashing jobs at the business.
South Coast Register
12h
The UOW subject areas that could go in the first round of job cuts
Staff at the University of Wollongong have been told 25 fields of study will be targeted in consultation on the first round ...
The Grocer
12h
Asda reveals major job cuts as it imposes new hybrid working system
Asda interim boss Stuart Rose has announced major jobs
cuts
and a restructure affecting thousands of head office staff, which will see management office roles slashed and surviving staff ordered to ...
1d
on MSN
Sony sues CBS; blames job cuts at Paramount Global for ‘dismal performance
Sony Pictures Television is suing CBS Studios, claiming the network hasn't maximized profits from "Jeopardy!" and "Wheel of ...
Opinion
Mail & Guardian
2h
Opinion
The unseen effect of teacher cuts in the Western Cape
The austerity measures are damaging for newly qualified teachers but it is the pupils who will bear the brunt as thousands of ...
World Socialist Web Site
8h
Australia: Unions block fight against job cuts at Centennial Coal mine in Mandalong
Unions covering workers at Mandalong are blocking any opposition to the
job
cuts
, insisting that workers are powerless to ...
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