job-creation
Top StoriesUK Retail Warns of Inflation and Job Losses From Budget, Seeks Reeves Meeting
UncategorizedExclusive-Unilever Nearly Halves Expected European Job Cuts, Switching Some Staff to Ice Cream Unit-Works Council
BankingBoeing Starts Issuing Layoff Notices as Planemaker Trims 10% of Workforce
Top StoriesZeiss Opens Tech-Focussed Centre in India, to Double Workforce in 3 Years
Stellantis to Lay Off 400 Workers at Detroit Parts Facility
Date: November 9, 2024
By Nora Eckert DETROIT (Reuters) -Stellantis added to its rising tally of layoffs on Friday, saying 400 workers at a Detroit automotive parts facility would indefinitely lose their jobs as the carmaker reduces costs in its struggling North American business. “As Stellantis navigates a transitional year, the focus is on realigning its U.S. operations to...
Nissan to Axe 9,000 Jobs, Cut Production on Weak China, US Sales
Date: November 7, 2024
By Daniel Leussink TOKYO (Reuters) -Nissan Motor will cut 9,000 jobs and 20% of its global manufacturing capacity, the automaker said on Thursday, as it scrambles to reduce costs by $2.6 billion in the current fiscal year amid a sales slump in China and the U.S. The plans underline the vulnerability of Japan’s third-largest automaker,...
Evonik’s Cost Cuts Help It Beat Q3 Core Profit Expectations
Date: November 6, 2024
(Reuters) – German chemicals group Evonik Industries reported third-quarter core profit above market expectations on Wednesday, and said its initiatives to cut costs and build a leaner organisation were paying off. Evonik posted a 19% rise in quarterly adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) to 577 million euros ($622 million), beating analysts’...
Spain’s October Jobless Rises by 1.04% From September to 2.60 Million
Date: November 5, 2024
(Reuters) – The number of people in Spain registering as jobless rose 1.04% in October from a month earlier, or by 26,769 people, leaving 2.60 million people out of work, data from the Labour Ministry showed on Tuesday. Spain gained 67,772 net formal jobs during the month to 21.29 million jobs, when adjusting to seasonality,...
French Supermarket Group Auchan Planning to Cut More Than 2,000 Jobs, Media Reports Say
Date: November 5, 2024
PARIS (Reuters) – French supermarket retailer Auchan is planning to cut more than 2,000 jobs, reported BFM TV, France 2 TV and newsletter La Lettre on Tuesday, citing trade unions. Officials at Auchan could not be immediately reached for comment on the reports. (Reporting by Sudip Kar-Gupta; Editing by Tom Hogue)...
Adecco Expects Improvement in US Hiring After Election
Date: November 5, 2024
By John Revill ZURICH (Reuters) – Staffing company Adecco expects the hiring market in the United States to pick up following the presidential election, CEO Denis Machuel said on Tuesday, regardless of whether Kamala Harris or Donald Trump wins the White House. Machuel said hiring had slowed as employers held on to staff and with...