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 …
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Business
Volkswagen plans 100,000 job cuts, doubling previous 50,000 target
by Leo Müllerby Leo MüllerVolkswagen job cuts doubled to 100,000 as supervisory board prepares July 9 review Volkswagen doubles planned job cuts to 100,000, provoking union and political backlash nationwide. Supervisory board will review …
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Business
Volkswagen plans up to 100,000 job cuts and four plant closures
by Leo Müllerby Leo MüllerVolkswagen job cuts of up to 100,000 reported in restructuring plan Volkswagen job cuts reported by German media could remove up to 100,000 roles worldwide as management weighs plant closures, …
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Business
Ifo employment barometer signals German firms plan widespread job cuts
by Leo Müllerby Leo MüllerGerman job market darkens as ifo employment barometer falls to 92.3 in June German job market weakens as ifo employment barometer drops to 92.3 in June 2026; firms signal layoffs …
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Technology
Oracle reveals 21,000 job cuts in 12 months as AI drives tech layoffs
by Helga Moritzby Helga MoritzOracle disclosure deepens wave of AI layoffs across major tech firms Oracle revealed 21,000 job cuts in 12 months, highlighting AI layoffs as major tech firms shift resources to AI …
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Business
Volkswagen faces investor backlash over governance flaws China slump and job cuts
by Leo Müllerby Leo MüllerVolkswagen shareholders confront governance failures and sweeping job cuts at virtual AGM Volkswagen shareholders pressed executives at the virtual June 18, 2026 AGM, demanding answers on governance shortcomings, mass job …
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Business
German coalition faces calls to announce targeted reforms as industrial job losses mount
by Leo Müllerby Leo MüllerGerman coalition economic reforms stall after meeting with social partners Coalition talks with unions and employers end without concrete German coalition economic reforms; leaders face rising job losses, soaring social …
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Business
ifo employment barometer shows fewer German job cuts planned in May
by Leo Müllerby Leo Müllerifo employment barometer rises to 93.9 in May 2026 as planned job cuts slow ifo employment barometer rises to 93.9 in May 2026 as German companies plan fewer job cuts; …
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Business
Singapore warns of AI job losses and expands unemployment aid
by Leo Müllerby Leo MüllerSingapore warns of AI job losses as government expands aid and retraining Singapore warns of AI job losses as ministers unveil higher unemployment support, large retraining push and earlier AI …
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Business
UniCredit takeover bid sparks Wiesbaden protests over potential 23,000 job cuts
by Leo Müllerby Leo MüllerUniCredit takeover of Commerzbank sparks protests as employee cuts loom Commerzbank shareholders met in Wiesbaden amid protests over the proposed UniCredit takeover of Commerzbank, with staff warning the deal could …