No end to layoffs for German automakers? After Audi & Volkswagen, Ford announces job cuts
1 month ago

No end to layoffs for German automakers? After Audi & Volkswagen, Ford announces job cuts

Firstpost  

Ford, which employs 28,000 people in Europe, is bound to lay off around 4,000 people here. The move follows recent announcements of job cuts from Audi and Volkswagen Ford Motors is set to lay off 4,000 people in Europe. Reuters Ford Motor Co. plans to cut 4,000 jobs across Europe and the UK by the end of 2027, citing economic challenges, increased competition, and weaker-than-expected electric vehicle sales. Ford has reported a 26 per cebt drop in net profit in the third quarter, with earnings of $892 million impacted by a $1 billion asset write-down related to a cancelled electric SUV project. In addition to job cuts, Ford plans to reduce working hours at its Cologne plant, where it produces the electric Capri and Explorer models.

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History of this topic

Volkswagen Cuts Deal With The Union, To Layoff 35,000 Jobs In Germany In Future
2 days, 7 hours ago

Volkswagen Cuts Deal With The Union, To Layoff 35,000 Jobs In Germany In Future

ABP News  

Volkswagen on Friday announced some major changes to the company’s operations in the home country. Volkswagen said that no immediate site closures or layoffs would take place and also backed away from its demand of 10 per cent wage cuts. Issuing a statement, Volkswagen CEO, Oliver Blume said, “With the package of measures that has been agreed, the company has …

VW wage deal for 120,000 German workers avoids layoffs, plant closures
Trending News
3 days, 1 hour ago

VW wage deal for 120,000 German workers avoids layoffs, plant closures

Associated Press  

FRANKFURT, Germany — Volkswagen and its employee representatives said Friday they have reached a wage deal for 120,000 German workers that avoids plant closings and bars involuntary layoffs through 2030. The deal would save VW 1.5 billion euros a year in labor costs and 4 billion euros a year by slashing manufacturing capacity by more 700,000 vehicles across its German …

12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More
1 week, 2 days ago

12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More

ABP News  

Major Layoffs In 2024: Layoffs have been the talk of the town for the whole of 2024; big firms and small start-ups across the sector and worldwide have announced layoffs this year, leaving employees in a difficult situation. Siemens Layoffs German tech giant Siemens also said that it is considering cutting up to 5,000 jobs globally in its factory automation …

Bosch layoffs: More than 8,000 job cuts planned by another top German manufacturer
1 week, 5 days ago

Bosch layoffs: More than 8,000 job cuts planned by another top German manufacturer

CNN  

London CNN — Thousands of jobs are on the chopping block at German industrial giant Bosch in yet another blow to the country’s beleaguered economy. Sascha Schuermann/Getty Images The news represents yet another knock to Europe’s biggest economy, where storied manufacturers face a perfect storm of competition from Chinese rivals, traditional disadvantages such as steep labor costs and high taxes …

Volkswagen workers stage mass protest across Germany
2 weeks, 6 days ago

Volkswagen workers stage mass protest across Germany

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Volkswagen workers have begun mass …

Thousands strike at Volkswagen's Germany plants
3 weeks ago

Thousands strike at Volkswagen's Germany plants

Hindustan Times  

Thousands of Volkswagen workers went on strike Monday in an escalating industrial dispute, with unions warning that the crisis-hit German auto giant is intent on making mass layoffs and closing factories. Thousands strike at Volkswagen's Germany plants Waving signs reading "You want war, we are ready!" Thousands of workers marched alongside a line of new electric cars leaving the Zwickau …

Volkswagen workers go on strike across Germany
3 weeks, 1 day ago

Volkswagen workers go on strike across Germany

CNN  

London CNN — Tens of thousands of Volkswagen workers are taking part in strikes at plants across Germany Monday, marking the largest walkouts at the carmaker’s domestic operations since 2018. A so-called “peace obligation” between workers and the company, which prohibited industrial action, expired Saturday, allowing strikes to take place from Sunday at virtually all of Volkswagen’s German factories. Workers …

Volkswagen closure plans likely to trigger major strike
3 weeks, 5 days ago

Volkswagen closure plans likely to trigger major strike

China Daily  

FILE PHOTO: Volkswagen workers from factories across Germany gather in front of the Volkswagen Arena, ahead of talks between unions and management on wage cuts in Wolfsburg, Germany, November 21, 2024. Industrial action at Europe's biggest carmaker Volkswagen seems inevitable after its chief executive said the company will push ahead with the previously announced closure of three factories. Unions had …

Layoffs: German Auto Tech Supplier Bosch To Cut Down About 5,500 Jobs In Coming Years
1 month ago

Layoffs: German Auto Tech Supplier Bosch To Cut Down About 5,500 Jobs In Coming Years

ABP News  

German firm Bosch on Friday announced that it aimed to cut down nearly 5,500 jobs in the next few years as the auto industry continues to suffer headwinds. The firm attributed the latest layoffs to global auto sales which have become stagnant and factory capacity which has exceeded sales prospects in the auto industry, reported Euronews. About 3,500 of the …

Volkswagen talks go into third round
1 month ago

Volkswagen talks go into third round

China Daily  

Volkswagen workers from factories across Germany gather in front of the Volkswagen Arena, ahead of talks between unions and management on wage cuts in Wolfsburg, Germany, November 21, 2024. Management and workers at Europe's largest auto producer, Volkswagen, began a third round of talks on Thursday over proposed wage cuts, with time running out to avoid strikes at production facilities …

Volkswagen talks go into third round
1 month ago

Volkswagen talks go into third round

China Daily  

Volkswagen workers from factories across Germany gather in front of the Volkswagen Arena, ahead of talks between unions and management on wage cuts in Wolfsburg, Germany, November 21, 2024. Management and workers at Europe's largest auto producer, Volkswagen, began a third round of talks on Thursday over proposed wage cuts, with time running out to avoid strikes at production facilities …

Ford Layoffs: Automaker To Slash 4,000 Jobs In Europe. Know Why
1 month ago

Ford Layoffs: Automaker To Slash 4,000 Jobs In Europe. Know Why

ABP News  

Ford has announced plans to eliminate nearly 4,000 jobs across Europe by the end of 2027, amounting to about 14 per cent of its regional workforce. Dave Johnston, Ford's European vice-president for transformation and partnerships, noted the necessity of the measures, saying, "It is critical to take difficult but decisive action to ensure Ford's future competitiveness in Europe." Call for …

Ford Motor to lay off 14% of Europe employees amid weak EV demand and tough Chinese competition
Trending News
1 month ago

Ford Motor to lay off 14% of Europe employees amid weak EV demand and tough Chinese competition

Live Mint  

Ford Motor Co. has decided to lay off 14 per cent of its Europe workforce on Wednesday, November 20, amid weak electric vehicle demand, poor government support for the EV shift and tough competition from subsidized Chinese rivals, reported the news agency Reuters. Ford shares fell 1.8 per cent after the agency's report, which will be a big blow in …

Ford to cut 4,000 jobs in Europe
1 month ago

Ford to cut 4,000 jobs in Europe

Associated Press  

FRANKFURT, Germany — Ford Motor Co. says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker than expected sales of electric cars. “The transformation is particularly intense in Europe where automakers face significant competitive and economic headwinds while also tackling …

Ford plans to cut about 800 roles across the UK over the next three years as part of a wider European jobs cull
1 month ago

Ford plans to cut about 800 roles across the UK over the next three years as part of a wider European jobs cull

Daily Mail  

Ford is planning to cut roughly 800 jobs across the UK over the next three years as part of a wider European jobs cull. The car manufacturer said the UK job cuts come as part of plans to axe 4,000 roles overall across Europe by the end of 2027 to slash costs. The car manufacturer said the UK job cuts …

Ford to lay off 4,000 workers in Europe
1 month ago

Ford to lay off 4,000 workers in Europe

CNN  

London CNN — Ford plans to cut almost 4,000 jobs in Europe over the next three years, about 14% of its workforce in the region, as the carmaker faces slowing demand for electric vehicles and rising competition from China. “The global auto industry continues to be in a period of disruption, especially in Europe, where the industry faces unprecedented competitive, …

Volkswagen says cost cuts are urgently needed as its earnings decline sharply
1 month, 3 weeks ago

Volkswagen says cost cuts are urgently needed as its earnings decline sharply

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Volkswagen to lay off tens of thousands of staff, cut salaries and close three factories in Germany amid electric car slowdown
1 month, 3 weeks ago

Volkswagen to lay off tens of thousands of staff, cut salaries and close three factories in Germany amid electric car slowdown

Daily Mail  

Volkswagen plans to shut at least three factories, lay off tens of thousands of its workforce and introduce further cost-cutting measures in Germany as part of a deeper-than-expected overhaul to the business, the company's works council head said on Monday. Daniela Cavallo, Chairwoman of the General and Group Works Council of Europe's largest carmaker Volkswagen AG speaks to employees during …

Volkswagen to close at least three factories amid electric car struggles
1 month, 3 weeks ago

Volkswagen to close at least three factories amid electric car struggles

The Telegraph  

Volkswagen bosses are preparing to shut three German factories and sack “tens of thousands” of workers, the car giant’s top employee representative has claimed. The German car giant is also planning to cut pay by 10pc as part of a far-ranging shake-up, according to the VW works council, which represents rank-and-file employees. “This is the plan of Germany’s largest industrial …

Volkswagen says weak Europe car sales leave two VW factories empty
3 months, 2 weeks ago

Volkswagen says weak Europe car sales leave two VW factories empty

Hindustan Times  

Volkswagen AG defended plans to consider unprecedented factory closures in Germany, saying flagging car sales have left the company with about two plants too many. Demand in Europe hasn’t recovered since the pandemic Demand in Europe hasn’t recovered since the pandemic, with industrywide auto deliveries in the region around 2 million short of its peak, Chief Financial Officer Arno Antlitz …

Volkswagen is cancelling a no-layoffs pledge and won't rule out closing plants in Germany
3 months, 3 weeks ago

Volkswagen is cancelling a no-layoffs pledge and won't rule out closing plants in Germany

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Germany's Volkswagen says auto industry …

VW considers closing German factory for first time in 87-year history
3 months, 3 weeks ago

VW considers closing German factory for first time in 87-year history

The Telegraph  

Volkswagen is considering closing factories in Germany for the first time in its 87-year history as the carmaker battles to cut costs and survive the transition to electric cars. VW, which also owns brands including Audi, Seat and Skoda, considers one large vehicle plant and one component factory in Germany to be obsolete, according to the powerful works council union. …

Job Cuts Ripple Across Corporate Europe, Despite Resilient Economy
1 year, 7 months ago

Job Cuts Ripple Across Corporate Europe, Despite Resilient Economy

Live Mint  

BT Group, one of the biggest telecom companies in the U.K., said it was reducing its workforce by as much as 42%, or about 55,000 workers, by the end of the decade, capping several months of corporate job cutting across Europe. The planned job reductions at BT come days after rival Vodafone Group, also based in Britain, said it would …

It’s Ford now! Automaker to cut 3,200 EU jobs, union says, vowing to fight
1 year, 10 months ago

It’s Ford now! Automaker to cut 3,200 EU jobs, union says, vowing to fight

Live Mint  

Ford Motor Co plans to cut up to 3,200 jobs across Europe and move some product development work to the United States, Germany's IG Metall union said on Monday, vowing action that would disrupt the carmaker across the continent if the cuts go ahead. Workers at the U.S. carmaker's Cologne site, which employs about 14,000 people - including 3,800 at …

US carmaker Ford to cut up to 3,200 jobs across Europe: Report
1 year, 10 months ago

US carmaker Ford to cut up to 3,200 jobs across Europe: Report

Hindustan Times  

Ford Motor Co. plans to cut about 3,200 jobs across Europe, following workforce reductions in the US as the automaker slashes costs in a shift toward electric vehicles. US carmaker Ford to cut up to 3,200 jobs across Europe: Report A majority of the affected positions are concentrated in Germany affecting roles in product development and administrative areas, the IG …

Ford to Layoff 3,000 White-Collar Staff in India, US and Canada
2 years, 4 months ago

Ford to Layoff 3,000 White-Collar Staff in India, US and Canada

News 18  

The US-based car maker Ford Motor has reportedly confirmed that it is laying off roughly 3,000 employees and contract workers, with the cuts primarily affecting staff in the US, Canada, and India. According to The Wall Street Journal, Ford sent an internal email to employees, saying it would begin notifying affected salaried and agency workers this week of the cuts. …

VW to cut up to 4,000 jobs via early retirement: Report
3 years, 9 months ago

VW to cut up to 4,000 jobs via early retirement: Report

Live Mint  

Carmaker Volkswagen plans to cut up to 4,000 jobs at its plants in Germany by offering early or partial retirement to older employees in a move that could cost several hundred million euros, company sources said on Sunday. Volkswagen said it expected up to 900 workers to opt for early retirement, while a low number in the thousands would choose …

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