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Top StoriesUK Workers Face Some of Europe’s Greatest Job Stress, Report Says
BusinessVw Union Proposes $1.6 Billion of Cuts, but No Plant Closures
UncategorizedFord to Cut European Jobs as Ev Shift, Chinese Rivals Take Toll
BusinessFord to Cut 14% of European Jobs, Blaming Ev Shift Challenge, Chinese Rivals
Steelworkers in Northern France Go on Strike Over Potential Plant Closures
Date: November 20, 2024
PARIS (Reuters) – French steelworkers in two northern French cities went on strike on Wednesday, the CFDT union told Reuters, following steelmaker ArcelorMittal’s warning of two potential plant closures in northern France affecting some 130 workers. The potential closures are due to problems in the European auto industry and high raw material and energy costs,...
Swiss Industry Gloomy Over Prospects as Sales and Exports Slip
Date: November 20, 2024
By John Revill ZURICH (Reuters) – Swiss industry is struggling with falling orders and sales as weaker European demand and a strong franc hit exporters, with two surveys showing companies gloomy about their prospects. Escalating trade tensions, with the possibility of higher export tariffs when U.S. President-elect Donald Trump takes office next year is also...
Vw Plans for Factory Closures Cross Several Red Lines, Works Council Chief Says
Date: November 20, 2024
WOLFSBURG/BERLIN (Reuters) – Volkswagen is planning to shut factories in every scenario presented to labour representatives, putting both factions on collision course in a dispute over pay and jobs, and raising the spectre of strikes. Daniela Cavallo, speaking a day ahead of a third round of negotiations between VW management and unions, said the proposals...
Lvmh Unit to Close Historic Venice Department Store
Date: November 16, 2024
MILAN (Reuters) – DFS Group, the Hong Kong-based travel retailer controlled by luxury giant LVMH, said on Friday it was shutting down its business in Venice’s historic Fondaco dei Tedeschi building. DFS said it would fire over 220 employees, according to trade unions and Venice city councillor Simone Venturini. “This difficult decision is part of...
Exclusive-Unilever Nearly Halves Expected European Job Cuts, Switching Some Staff to Ice Cream Unit-Works Council
Date: November 15, 2024
By Richa Naidu LONDON (Reuters) -Unilever is cutting about 1,500 fewer jobs in Europe than initially anticipated and hiring about 1,000 people, primarily those affected by its cost-cutting drive, for its soon-to-be spun off ice cream business, the head of the company’s European Works Council told Reuters. The British company, whose shareholders include billionaire activist...
Borderless Europe Fights Brain Drain as Talent Heads North
Date: November 15, 2024
(This Nov. 14 story has been refiled to fix the currency conversion in paragraph 17) By Sergio Goncalves, Giselda Vagnoni, Gergely Szakacs and Charlie Devereux LISBON (Reuters) – Until recently aerospace engineer Pedro Monteiro figured he’d join many of his peers moving from Portugal to its richer European neighbours in the quest for a better-paid...