Job Cuts

Volkswagen approves 50,000 more job cuts in its biggest restructuring plan

Volkswagen will eliminate another 50,000 positions by 2030 as falling profits, weaker Chinese sales, fierce competition and changing automotive technology… Read More

3 weeks ago

BMW Announces 8,000 Global Job Cuts Amid Automotive Industry Cost Pressures

BMW has announced plans to reduce its global workforce by 8,000 employees through voluntary severance programmes. The move targets administrative,… Read More

2 months ago

Bosch to Cut 13,000 Jobs in Germany Amid Auto Market Pressures

Bosch will cut 13,000 jobs in Germany as part of €2.5bn savings, blaming global competition, weak auto demand, and Donald… Read More

12 months ago

Porsche to Cut 1,900 Jobs Amid Declining EV Demand and Economic Uncertainty

Stuttgart, Germany – Luxury carmaker Porsche has announced plans to cut 1,900 jobs by 2029 as it grapples with weaker-than-expected… Read More

2 years ago

Netherlands: AkzoNobel to Cut 2,000 Jobs in Cost-Cutting Drive Amid Market Volatility

In a statement released on Tuesday, CEO Greg Poux-Guillaume emphasized the company's recent performance and outlined the strategy behind the… Read More

2 years ago

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