Carmakers and Suppliers Lead New Wave of European Job Cuts
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Newsit.gr
larissanet.grVolkswagen is attempting to cut around 100,000 jobs by 2030, as losses squeeze profits and unions warn of ... The article Volkswagen: Unions threaten strikes from New Year's Day 2027 – They react to the plan for 100,000 layoffs was published in NewsIT.
Economic pressures in Europe, rising production costs, Chinese competition, and the AI transformation are profoundly impacting the labor market. German automotive giant Volkswagen plans to lay off 100,000 employees by 2030, while Bosch has decided to cut back on over 13,000 people. Thousands of positions are at risk across numerous sectors, from automotive and banking to aviation and telecommunications.
German automotive giant Volkswagen has decided to lay off 100,000 employees by 2030, while automotive supplier Bosch plans to cut over 13,000. Job cuts, driven by high costs and competitive pressure in Europe, are also spreading to the transportation, banking, and telecommunications sectors.
Carmakers and suppliers lead new wave of European job cuts
European carmakers and suppliers are leading a fresh round of job cuts, with Volkswagen planning around 100,000 fewer jobs worldwide by 2030, while banks and insurers turn to AI for back-office work. The reductions also reach transport, telecoms and hospitality.http://dlvr.it/TWJztP
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