In an article that was published on Friday by German magazine WirtschaftsWoche, the chief of Volkswagen’s commercial truck unit, Traton, said, it has seen cancellations of orders due to the coronavirus outbreak; these are however manageable. WirtschaftsWoche also quoted Andreas… Read More ›
The job cuts will be routed through voluntary redundancies with employees having the option to relocate to other posts in Portugal. In a statement, BNP Paribas disclosed, it would cut nearly 500 jobs in France from its securities services business…. Read More ›
GE’s first quarter results could be a bargaining point for the French government since profits rose more than what GE had expected. General Electric (GE) has announced a plan to slash nearly 1,000 jobs in France. The move is likely… Read More ›
Thyssenkrupp’s CEO Guido Kerkhoff prefers that its Elevator Technology business be listed on a stock exchange. According to two sources familiar with the matter at hand, Thyssenkrupp’s supervisory board has left provisions open for a potential sale of its elevator… Read More ›
Canaccord Genuity Group Inc expects significant job cuts in its capital market business in the UK however, it will not effect its wealth management business in the UK or Europe. In a significant development, Canaccord Genuity Group Inc stated it… Read More ›
Rolls Royce’s aeronautical engine business, its biggest cash cow, is facing severe issues resulting in the grounding of planes. On Thursday, British engineering firm Rolls-Royce disclosed it would be cutting 4,600 jobs primarily from the UK as part of a… Read More ›
Activist shareholder Third Point has applied increasing pressure to provide better returns of investment to shareholders. On Friday, Swiss food group Nestle stated that it plans on cutting 400 jobs in France in support services and HQ functions. The cost… Read More ›
The move is in anticipation of heightened defence related orders from the U.S. and its allies. In efforts aimed at making its businesses more responsive to customers, on Tuesday, Boeing Co stated it would be restructuring its defense, space and… Read More ›
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