Business: airline jobs evaporate, and the worst is yet to come

Updated on 07/25/2020 at 02:17 According to Bloomberg estimates, some 400,000 airline employees have been laid off, temporarily laid off, or have been told that they could lose their jobs due to the coronavirus. The aviation industry has suffered more than many other sectors as the pandemic is destroying the sale of reserves and leaving […]

Companies: Nike announces layoffs and management changes for its “digital transformation

Updated on 07/22/2020 at 13:10 Sportswear firm Nike announced changes to its operating model on Wednesday that include layoffs and managerial replacements to accelerate its “digital transformation,” after recording losses in the last quarter due to the impact of the pandemic of COVID-19. In a statement, the company explained that it is implementing a digital […]

Airbus crisis: More than 2,200 jobs in Hamburg affected – News

Location: 02.07.2020 19:04 o’clock – NDR 90.3 Airbus plans to cut 5,100 jobs at its German locations due to the Corona crisis – the European aircraft manufacturer had already announced this on Tuesday evening. On Thursday, the management spoke for the first time to the works councils at the German locations about details of how […]

Airbus Appeal: Longer short-time allowance against clear cutting | – News

Location: 01.07.2020 17:26 o’clock – NDR 90.3 Airbus plans to cut 5,100 jobs at its German locations due to the Corona crisis – the European aircraft manufacturer announced on Tuesday evening. The company is now appealing to the federal government to extend the statutory short-time work to two years. As a result, significantly fewer jobs […]

Althusmann: Job cuts at Airbus affect all North German plants | 01.07.20

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Savings plans cause controversy: Commerzbank cancels Supervisory Board meeting

Commerzbank has to save money. However, it is still unclear how many branches will close and jobs will be cut. The planned supervisory board meeting was canceled at short notice. Apparently because important documents were not submitted in time. New savings plans at Commerzbank cause disputes before a final decision is made. The extraordinary meeting […]

Continental brings a reduction in collective working hours into play

Düsseldorf, Stuttgart The forecast is terrifying: Instead of more than 98 million vehicles like 2018, experts are expecting global production to collapse to a maximum of 70 million vehicles this year. Overcapacities of around a third will inevitably cost thousands of jobs. Because the doldrums on the car market could reach into 2025. Car manufacturers […]

US tech company IBM announces job cuts

IBM The US tech group IBM is also feeling the effects of the global recession. (Photo: dpa) Armonk The US tech group IBM has announced extensive job cuts in the corona crisis. The decision was probably a unique and difficult situation for some employees, a spokesman for the company said on Thursday (local time) in […]

BASF cuts 3,000 jobs in Ludwigshafen

Dhe chemical company BASF plans to cut 6,000 jobs worldwide by the end of 2021, 3,000 of them in Germany alone. The majority are located in Ludwigshafen, a BASF spokesman said on Thursday. The jobs are to be eliminated in the course of a corporate restructuring by the end of 2021, the chemical company said. […]