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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 CEO says job cuts 'absolutely necessary'
Applicants from across Uttar Pradesh are heading to ITI Lucknow for a screening test, aiming to land lucrative jobs in Israel. Klaus Rosenfeld, CEO of Schaeffler, discusses the the company's third-quarter results and job cuts.
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.
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.
Europe auto struggles lead to cuts at Michelin, Germany's Schaeffler
French tyre company Michelin said Tuesday it would close two French plants by early 2026 and German parts maker Schaeffler announced 4,700 job cuts, the latest signs of struggles in
1h
Huge delivery firm cuts 300 jobs ahead of Christmas after big sales drop
Just Eat said the decision to cut staff was a "tough" but a 'necessary step' to ensure it can "fuel sustainable growth and ...
Inside Higher Ed
2d
October Brings Deep Cuts at Several Campuses
Portland State University sent layoff notices to nearly 100 faculty members, while St. Louis University axed 23 jobs and ...
7d
on MSN
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 ...
Business Matters
2h
Asda cuts jobs and mandates office attendance amid turnaround efforts
Asda orders head office staff to return three days a week and announces job cuts as part of a strategy to reverse declining ...
27m
on MSN
Asda: Supermarket cuts 475 jobs at its Leeds and Leicestershire headquarters and reduce hybrid working
Asda has confirmed 475 job cuts at its headquarters in Leeds and Leicestershire. The supermarket chain said that the ...
electrive
4d
Massive job cuts at Swiss e-bike manufacturer Flyer
The German bicycle purchasing cooperative ZEG is apparently planning far-reaching job cuts at the Swiss e-bike manufacturer ...
7h
Asda demands 3 day return to office and reveals job cuts
Asda has asked staff to return to the office a minimum of three days per week and had made job cuts in head office.
The Grocer
15h
Asda reveals major job cuts as it imposes new hybrid working system
Asda interim boss Stuart Rose has announced major jobs
cuts
and a restructure affecting thousands of head office staff, which will see management office roles slashed and surviving staff ordered to ...
Investopedia
2d
What Is the Tax Cuts and Jobs Act (TCJA)?
However,
cuts
for individuals expire in 2025 ... "Mnuchin Says FEMA Doing 'a Terrific
Job
' in Puerto Rico." Department of ...
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