Tag: Germany
Siemens Energy to slash 7,800 jobs, cut costs, increase margins
Siemens Energy has revealed its plans to shrink its workforce by about 7,800 employees, with the majority of the layoffs to take place by...
340 branches,10,000 jobs to be axed by Commerzbank
As part of a digitalisation and restructuring process, Germany's Commerzbank plans to slash about 10,000 jobs, that is about one-fifth of its total employee...
Amazon workers on strike in Germany, demand better pay, working conditions
Employees at an Amazon logistics centre in Bad Hersfeld, Germany, declared a strike on December 21 with the Verdi trade union announcing that at...
Germany’s anti-COVID restrictions may lead to job loss of about 2,50,000
In Germany, with the latest round of lockdown being clamped from December 16 to January 10, about 2,50,000 jobs are at risk. Considering that...
No need for 4-day work week, existing cost-cuts will suffice: Volkswagen
Volkswagen in Germany has claimed that it sees no need to shift to a four-day work week in order to counter the effect of...
Esprit to slash 1200 jobs, close 50 stores in Germany
Esprit has announced its decision to lay off 1200 employees, which means, 20 per cent of its workforce. The international fashion house will be...
Lufthansa to slash 22,000 jobs, strikes bailout deal with German govt
Lufthansa announced its intention to lay off about 22,000 full-time employees, as it sees no hope of demand for travel recovering any time soon,...
India and Germany formally collaborate for skill development and vocational education
India and Germany have entered into two formal agreements, to collaborate in the areas of skill development and vocational education. The formal agreements will...
9000 expected to be laid off at Deutsche Bank
Deutsche Bank is reported to be planning to lay off about 9000 employees in Germany, mostly back office and support staff. The objective is...
Over 15000 jobs to be cut at Deutsche Bank
Deutsche Bank, the German multinational investment bank and financial services company is planning a revamp estimated to cost $5.6 billion, which will see more...
Siemens to lay off 2,700 employees
With demand for renewable power increasing by the day, Siemens is experiencing low demand for gas turbines. Therefore, the Company plans to lay off...