Volkswagen AG, Europe’s largest automaker, has found itself in a precarious position following a 64 per cent decrease in quarterly net profit, primarily due to a significant downturn in sales
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Volkswagen will close at least three German factories, eliminate tens thousands of jobs, and cut pay by 10%, said the top employee representative of the company on Monday. The restructuring
Deloitte UK has laid off 250 employees, the third time in 13 months that the Big Four have made redundancies. This move is believed to be aimed at employees in
TGI Fridays, the restaurant group, has finally agreed to pay its workers what they are due after being laid off. This week, more than 1,000 employees lost their jobs when
Laws to prevent a repeat of the P&O Ferries mass sackings scandal will be presented to parliament this week as Labour focuses on improving working conditions at sea, including for
Senior, a UK engineering company, will be forced to lay off staff due to the crisis at Boeing and the delays in returning to full production by Airbus. Senior, a
After a failed rescue by private equity of the struggling British restaurant group, TGI Fridays has lost more than 1,000 jobs and closed 35 branches. D&D London, the owners of
Alun Davies views the steam plumes rising from Port Talbot’s last blast-furnace, which will soon be shut down. Davies, the National Officer for the Steelworkers’ Union Community and former steelworker
Boeing CEO announced on Wednesday that “a large number of” employees would be furloughed to save money during the union machinists’ strike that began last weekend. Kelly Ortberg said that
Harland & Wolff – the shipyard which built the Titanic – is about to enter administration for the second consecutive time in just five years. Harland & Wolff Group Holdings
Labour has promised to end “presenteeism”, or the culture of not showing up for work, in Britain’s offices. They claim that flexible working as a right will make employees more
Grangemouth, Scotland’s only remaining oil refinery, will close in the next year. This will result in the loss of over 400 jobs and leave the UK with just a few
The British steel industry has been warned that 2,500 jobs will be lost at the Port Talbot Steelworks. Thousands more are at risk across the UK as the government prepares
Richard Walker, the managing director of Iceland, has cautioned the Labour Party that a sudden and substantial rise in the minimum wage could potentially bankrupt his business. Walker, a former
In the wake of the Covid-19 pandemic, the job market has experienced a significant shift from the “Great Resignation” to what can now be described as the “Great Retention”. As
The Unite union has raised concerns over potential job losses stemming from Carlsberg’s £3.3 billion bid to acquire Britvic, the largest maker of branded still soft drinks in Britain. The
