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Top StoriesItaly oct jobless rate falls to 5.8%, lowest since 2007
BusinessRussian factory activity expands marginally in November, PMI shows
BusinessStrikes to hit Volkswagen in December as clash with labour escalates
Top StoriesGerman unemployment rises less than expected in November, labour office says
French consumer morale hits 5-month low as political crisis looms
Date: November 27, 2024
PARIS (Reuters) -French consumer confidence fell to a five-month low in November as households fretted over the outlook for the economy and the job market in the face of a looming political crisis, a survey showed on Wednesday. Statistics agency INSEE said its consumer confidence index fell to 90 from a downwardly-revised 93 in October,...
German consumer sentiment tumbles on job cut fears, survey shows
Date: November 27, 2024
BERLIN (Reuters) -German consumer sentiment looks set to tumble in the last month of the year as households, worried by reports of job cuts, grow more pessimistic about their income prospects, a survey showed on Wednesday. The consumer sentiment index, published by GfK and the Nuremberg Institute for Market Decisions (NIM), fell significantly more than...
Thyssenkrupp lacks detailed plan for 11,000 steel unit job cuts, handelsblatt reports
Date: November 27, 2024
BERLIN (Reuters) – German industrial conglomerate Thyssenkrupp has not drawn up a detailed proposal on how it aims to cut some 40% of jobs in its steel division, the Handelsblatt newspaper reported, raising questions on the viability of its restructuring plans. Under the plans announced this week, Thyssenkrupp Steel Europe (TKSE), which has a workforce...
UK outlines first steps in new plan to get more people back into work
Date: November 26, 2024
LONDON (Reuters) – Britain’s government said on Tuesday it plans to increase access to mental health support and to reform job centres as part of its push to get more people back into the workforce. Mental health support will target geographic areas with high rates of labour market inactivity and job centres will focus more...
Thyssenkrupp to cut 11,000 jobs at steel division in major corporate shakeup
Date: November 25, 2024
By Tom Käckenhoff and Friederike Heine DUESSELDORF (Reuters) -Thyssenkrupp’s steel business plans to cut some 40% of its workforce over the coming years, it announced on Monday in the latest painful overhaul of a German industrial giant, with workers promising fierce resistance. Germany’s largest steelmaker, a division of Thyssenkrupp AG, is under pressure from cheaper...
Euro zone negotiated pay growth accelerates in Q3, adding to rate cut caution
Date: November 20, 2024
FRANKFURT (Reuters) – Euro zone negotiated wage growth accelerated in the third quarter, adding to the case for caution in cutting interest rates quickly as the labour market remains tight despite some signs of cooling, data from the European Central Bank showed on Wednesday. Growth in negotiated wages picked up to 5.42% in the third...