cuts

German cabinet approves major Wohngeld changes, affecting one-third of households German cabinet approves major Wohngeld changes: benefits reduced, heating allowance halved and indexation suspended. One-third of recipients to lose support …

Microsoft layoffs: 4,800 jobs cut worldwide as Xbox to shed 3,200 roles Microsoft layoffs: Company will cut 4,800 positions globally, mostly in Xbox where 3,200 roles will go; 1,600 cuts …

Porsche job cuts expected as automaker prepares further staff reductions by end of July Porsche job cuts are being prepared as the company plans management-focused staff reductions under a “Zukunftspaket” …

AfD party congress in Erfurt warns of ‘state bankruptcy’ and pledges sweeping economic overhaul At the AfD party congress in Erfurt, leaders Alice Weidel and Tino Chrupalla framed Germany as …

Volkswagen job cuts loom as management withholds targets ahead of July 9 supervisory board meeting Volkswagen job cuts could reach 100,000 as management refuses to give targets; works council is …

Cayenne production in Leipzig: Porsche to move electric SUV from Bratislava as workers accept pay cuts Porsche to shift Cayenne production in Leipzig from Bratislava to use plant capacity; workers …

German labor market softens as ifo employment barometer falls to 92.3 ifo employment barometer drops to 92.3 in June as the German labor market weakens; industry and retail plan layoffs …

Prien’s parental allowance reform sparks debate as Volkswagen plans 100,000 job cuts and Istanbul verdict concludes Germany faces a turbulent policy and economic moment as Families Minister Prien unveils a …

Volkswagen cost cuts escalate as Chinese rivals and politics squeeze German plants Volkswagen cost cuts accelerate as the company prepares deeper savings measures amid slowing demand, rising competition from Chinese …