Airbus To Cut Nearly 40% Jobs With Low Output
Drop in production, slow delivery and the ongoing pandemic crisis forces Airbus to make “necessary adjustment”.
Job Cut
HSBC Sends Out Memo On Resuming ‘Redundancy Plan’ Post COVID-19 Crisis
The cost restructuring plan of HSBC was put on hold due to the global outbreak of COVId-19 pandemic. Now that profits slouches which difficult economic forecasts ahead, the bank decides to fall back on its initial plan to cut over thirty thousand jobs.
BMW Seeks Solidarity With Labour Representatives In Payout Cut
Similar to other auto manufacturers, BMW also finds ways to reduce costs to invest in electric vehicle manufacturing.
In An ‘Extensive Overhaul’, Deutsche Bank May Slash Twenty Thousand Jobs
In order to turn the investors, after the failed merger attempt, the Deutsche Bank is planning a major revamp.
