Airbus SE plans to pursue voluntary job cuts before seeking forced reductions, as it aims to bring down costs without inciting a political uproar in France and Germany, according to people familiar with the matter.
Air France is to cut 1,500 jobs, mostly ground staff, by late 2022, union sources told AFP Thursday, though the company declined to confirm the figures pending talks with labour representatives.
German car giant Volkswagen said Wednesday it would slash thousands of posts to cope with its transition to electric and autonomous driving the day after reporting rising profits ...
Germany chemicals and pharmaceuticals giant Bayer said Thursday it would slash 12,000 jobs in a major restructuring following the takeover of Monsanto ...
Experienced Indian techie Raghu Narayanaswamy lost his job recently and fears he may not get another, as analysts warn of massive layoffs across the country's multi-billion-dollar information technology sector.
Saudi Arabia took steps on Wednesday to help some 2,500 Indian workers stranded without money in the kingdom after a plunge in oil prices sparked construction layoffs.
US aerospace giant Boeing will trim about 4,000 jobs in its commercial airplanes division as it seeks to cut costs and boost productivity, a company spokesman told AFP on Wednesday.