GM gets ready to lay off 3,300 workers
General Motors said it will lay off about 3,300 workers as consumers shift from buying passenger cars to sport utility vehicles and small trucks. All the jobs being lost are at plants that build cars. […]
Job-cuts
Boeing warns of more layoffs in 2017
Boeing said it will continue to reduce its workforce in 2017 as it copes with selling commercial airliners made more expensive to foreign buyers by the strengthening dollar. The action follows an 8% cut in […]
Italy’s largest bank UniCredit is planning to cut 14,000 jobs over the next 3 years
Italy’s largest bank by assets is planning to cut 14,000 jobs over the next three years and raise €13B to strengthen its balance sheet. The latest reshaping of UniCredit (OTCPK:UNCFF) will be closely watched for […]
Volkswagen will cut 30,000 jobs
Faced with the biggest crisis in its history, Volkswagen (OTCPK:VLKAY) and its labor unions have agreed to a turnaround plan that will boost profitability and fund a post-Dieselgate shift to electric and self-driving cars. The […]
Bombardier plans to deepen its job-cuts program
Canadian aerospace and train manufacturer Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) plans to deepen its job-cuts program, saying it will axe 7,500 positions, or 10% of its global workforce, over the next two years as it doubles down […]