Browsing Tag
Hanover
8 posts
Volkswagen’s first 35,000 job cuts may not be enough. What is Oliver Blume trying to fix?
Volkswagen Group is preparing for a critical supervisory board confrontation over a restructuring that could go far beyond the 35,000 German job reductions already agreed, as vehicle sales fall, China competition intensifies and first-half operating profit drops 11.6%.
Why Amentum is cutting 382 Maryland jobs despite a $48.2bn backlog
Amentum Holdings will eliminate 382 positions in Hanover, Maryland, in two waves after intelligence contract transitions, highlighting the workforce volatility embedded in government contracting even as the company carries a $48.2 billion backlog and raises profit guidance.
Germany opens terrorism probe after explosive drone found at Leipzig airport
An explosive drone reached Europe’s largest DHL hub near Ukrainian aircraft. Germany must determine whether Leipzig faced sabotage or terrorism.
Volkswagen already planned 50,000 job cuts, but Oliver Blume says that may not be enough
Volkswagen chief executive officer Oliver Blume has warned that as many as 50,000 additional jobs could theoretically be affected if the automaker cannot close its overhead-cost gap through other measures. The potential reductions would be separate from approximately 50,000 German roles already scheduled to disappear by 2030, but no final additional layoff target has been approved.
Volkswagen already planned 50,000 job cuts, so why is Oliver Blume reportedly targeting 100,000 now?
Volkswagen is reportedly considering up to 100,000 global job cuts, four German plant closures and a 15% investment reduction, potentially transforming Europe’s largest automaker into a smaller, more decentralised and financially disciplined industrial group.
SKF (STO: SKF-B) exits Elgin aerospace business in $75m deal with Carco PRP Group
SKF completes sale of its Elgin aerospace unit to Carco PRP Group for USD 75 million. Find out how this reshapes its aviation strategy and competitive focus.
bp to expand European footprint with acquisition of GETEC ENERGIE GmbH
In a move that significantly expands its presence in the European power and gas commercial and industrial (C&I)…
VST Tillers Tractors unveils innovative electric tractor at Agritechnica 2023
VST Tillers Tractors Ltd (VST), a leading Indian farm equipment manufacturer, has marked a significant milestone by unveiling…