Germany's largest steelmaker is proposing to cut 5,000 jobs from the workforce and outsource another 6,000 as it seeks to cut staff costs by around 10%
German industrial giant ThyssenKrupp Steel Europe on Monday announced a plan to shrink its workforce from the current 27,000 to 16,000 within six years. The Du
The company has revealed its latest plans for expansion, with the announcement of a manufacturing facility to be built upon in Ring
Bosch will cut up to 5,500 jobs as it struggles with slow electric vehicle sales and competition from Chinese imports.It is the latest blow to the European car
FORD MOTOR COMPANY HAS SOME BAD NEWS FOR WORKERS IN EUROPE TO END THE YEAR. IT PLANS TO CUT 4000 JOBS.ABOUT 3000 OF THE LAYOFFS WILL HAPPEN IN GERMANY AND AN
German auto technology supplier Bosch to cut thousands of jobs, citing stagnant demand for cars and new technology. ADVERTISEMENTGermany's technolo
Layoffs: Challenging economic conditions and ongoing weak demand for many products have compelled companies across Europe to fr
Boyden Gray PLLC partner Michael Buschbacher discusses concerns of an electric vehicle mandate on 'The Bottom Line.' Ford Motor Co. expects a major reducti
The carmaker said the European auto industry is facing unprecedented competitive, regulatory, and economic headwinds. "It is critical to tak
Ford Motor Company will reduce its UK workforce by approximately 800 positions over the next three years. This action aligns with a broader European restructuri
The Ford Motor Company is cutting 4,000 jobs in Europe by the end of 2027 to reduce costs as its passenger vehicle business suffered significant losses in the