Europe’s Auto Woes Continue as Michelin, Schaeffler Plan Job Cuts
Michelin and Schaeffler said they plan to close factories and cut thousands of jobs in Europe as car-part suppliers reel from weakness in the automotive sector.
Schaeffler announces 4,700 job cuts in Europe as operating profit falls by 45%
Schaeffler announces 4,700 job cuts across Europe after a 44.9% drop in Q3 profits, citing challenges in the automotive industry.
Parts supplier cuts thousands of jobs as Germany's auto woes deepen
Auto parts supplier Schaeffler plans to reduce its workforce and close two locations, just days after union officials warned of VW factory closures.
Michelin to close two French plants in latest blow to Europe's auto sector
By Dominique Patton PARIS (Reuters) -Tyre maker Michelin plans to close two of its French factories, affecting about 1,250 workers, it said on Tuesday as Europe's embattled automotive sector comes under increasing pressure.
Michelin Plans to Cut Around 1,250 Jobs With Closure of Two French Factories
The automotive manufacturer said it would shut down its production sites in Cholet and Vannes by early 2026 at the latest.
'Black day': French workers protest Michelin plans to close two plants
Michelin factory workers burnt tyres in western France on Tuesday and vowed to stage a strike after the tyre company said it would close two plants by early 2026 over
Michelin to close two French plants amid waning market share
Michelin will close two factories in France by early 2026 affecting about 1,250 jobs, the French tyre maker said on Tuesday, the latest cutback in a European auto industry battling subdued demand and cheap Asian competition.
F5 confirms new round of job cuts, continuing annual pattern of workforce reductions
F5 continued its practice of trimming its workforce after the close of its fiscal year, impacting roles across several teams ...
Elon Musk's X may announce another round of job cuts, this division expected to be affected
Elon Musk's social media platform X, formerly Twitter, is expected to announce another wave of layoffs, possibly affecting ...
Intel eyes another 500 Bay Area job cuts as tech titan’s layoffs widen
In 2022, 2023 and 2024, tech companies disclosed plans to eliminate more than 48,300 jobs in the Bay Area. This period marks ...
Asda demands 3 day return to office and reveals job cuts
Asda is forcing staff to return to the office a minimum of three days per week while slashing jobs at the business.
'Services will be reduced' after job cuts
Somerset Council has warned there will be a "reduction in services" as hundreds of its staff are made redundant next year. On ...
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The UOW subject areas that could go in the first round of job cuts
Staff at the University of Wollongong have been told 25 fields of study will be targeted in consultation on the first round ...
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Bosch announces significant job cuts amid strategic shift
The crisis in the automotive industry is spreading more intensely. According to current reports, Bosch plans to lay off 7,000 ...
Sony sues CBS; blames job cuts at Paramount Global for ‘dismal performance
Sony Pictures Television is suing CBS Studios, claiming the network hasn't maximized profits from "Jeopardy!" and "Wheel of ...
After ConsenSys job cuts, dYdX reduces workforce by 35%
YdX cuts 35% of its workforce as CEO Juliano returns to address market challenges, mirroring DeFi industry shifts under ...
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Australia: Unions block fight against job cuts at Centennial Coal mine in Mandalong
Unions covering workers at Mandalong are blocking any opposition to the job cuts, insisting that workers are powerless to ...