Schaeffler joins the growing list of German-based automotive companies undergoing drastic restructuring. By Megan Lampinen European automotive players are facing stiff headwinds at the moment as...
German automotive supplier Schaeffler has announced plans to cut 4,700 jobs across its European operations, with Germany bearing the brunt of the reductions, as the automotive...
Hyundai Europe has announced that its president and CEO, Michael Cole, will retire at the end of this year. Cole joined the Hyundai Motor Group in 2009 when he left...
The company is downsizing at 10 locations in Germany and five other sites in Europe, further illustrating the challenges facing the European car industry. ADVERTISEMENT German...
(Alliance News) – European equities were higher solidly on Friday afternoon ahead of a key US jobs report, with the FTSE 100 clawing back some post-budget...
Shares of Reckitt Benckiser jump 10% Shares of U.K.-based consumer goods company Reckitt Benckiser surged more than 10% on Friday shortly after the company was cleared...
Volkswagen is closing three plants in Germany, and Audi is halting production in Belgium, sparking fears of a crisis in Europe’s car industry. However, some see...
The factory is located on the site of the former Parnall aircraft factory, where more than 50 people were killed during two air raids in 1941,...
Jakarta (ANTARA) – The National Research and Innovation Agency (BRIN) has highlighted the huge potential for Indonesian health sector workers to find work in Europe. “The...
Eighty-three million positions might be at risk by 2027, with jobs in accommodation, wholesale and arts potentially severely impacted. ADVERTISEMENT Automation, big data and economic pressures...
The German carmaker Volkswagen is planning to shut at least three factories in its home country, lay off thousands of workers and cut pay by 10%,...
Further talks are planned between Volkswagen and trade union leaders on Wednesday. ADVERTISEMENT Volkswagen’s management wants to close at least three plants, cut tens of thousands...
