Spain’s job boom driven by migrant workforce lifts employment to historic highs Spain’s job boom is reshaping the labor market: migrants filled nearly 70% of 2.8 million jobs created since …
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Business
KUKA after a decade under Midea prompts job cuts and industry shifts
by Leo Müllerby Leo MüllerKUKA takeover turns ten: Augsburg plant weathers job cuts as innovation shifts toward China Ten years after the KUKA takeover by China’s Midea, Augsburg’s robotics leader faces job cuts, a …
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Business
Commerzbank announces 3,000 job cuts via AI to fend off UniCredit takeover
by Leo Müllerby Leo MüllerCommerzbank job cuts: bank to reduce about 3,000 roles, cites AI-driven savings while resisting UniCredit takeover Commerzbank job cuts: Bank plans roughly 3,000 role reductions using AI and cuts to …
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Business
BioNTech confirms 1,860 job cuts and factory closures to refocus on oncology
by Leo Müllerby Leo MüllerBioNTech layoffs: 1,860 roles cut as founders defend closures and shareholders back capital moves BioNTech layoffs: 1,860 jobs to be cut and production sites closed through 2027 as founders step …
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Bosch announces 28,000 job cuts as it pivots away from battery production
by Leo Müllerby Leo MüllerBosch restructuring: German cuts and strategic shift as auto industry pivots to electrification Bosch restructuring prompts plans to cut about 28,000 jobs in Germany as the supplier recalibrates amid falling …
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Business
Commerzbank announces 3,000 job cuts citing AI to repel UniCredit takeover
by Leo Müllerby Leo MüllerCommerzbank Job Cuts: Bank to Shed About 3,000 Positions, Cites AI as Key Cost Driver in Bid Defense Commerzbank job cuts: the bank plans roughly 3,000 role reductions tied to …
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Business
German government extends PCK Schwedt refinery job guarantee to end 2026
by Leo Müllerby Leo MüllerGermany extends employment guarantee for PCK refinery Schwedt amid Russian oil transit halt Federal government extends employment guarantee for the PCK refinery Schwedt to the end of 2026 after Russia …
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Business
Commerzbank announces around 3,000 job cuts and ambitious 2030 targets amid UniCredit bid
by Leo Müllerby Leo MüllerCommerzbank raises 2030 targets and plans 3,000-job reduction amid UniCredit takeover bid Commerzbank boosts 2030 goals and plans about 3,000 job cuts as it pushes back against a UniCredit takeover …
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Business
DeepL announces 250 job cuts in AI-driven restructuring after rapid growth
by Leo Müllerby Leo MüllerDeepL layoffs: Cologne AI firm to cut 250 jobs as CEO cites structural shift driven by artificial intelligence DeepL layoffs: Cologne-based AI company will cut 250 positions as CEO Jarek …
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Business
Daimler Truck posts 80 percent profit plunge, plans 5,000 German job cuts
by Leo Müllerby Leo MüllerDaimler Truck Q1 Profit Plunges 80% as North American Weakness Hits Sales Daimler Truck reports an 80% fall in first-quarter profit to €149 million, with revenue down 13% to €9.98 …