Volkswagen shares jumped on Friday after it announced plans to slash a further 50,000 jobs as part of its transformation plan.
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WorldPingVolkswagen announced Thursday that it will cut another 50,000 jobs worldwide, marking the biggest restructuring in the company's 89-year history, as the German carmaker faces pressure from US tariffs, overcapacity and fierce competition from Chinese rivals.
Brief by WorldPing · Original reporting by France 24
Norway's $2.3 trillion investment fund says it can diversify into new areas with greater risk and returns.
Brief by WorldPing · Original reporting by CNBC World
The Nepal Cabinet described the business-related measures as the first phase of its recovery package, The Kathmandu Post newspaper reported…
Brief by WorldPing · Original reporting by The Hindu
WorldPing'PM Modi warned us, but we didn't listen': Belgium PM on China trade threat to Europe — full report at Times of India.
Brief by WorldPing · Original reporting by Times of India
WorldPingUnder-pressure carmaker will shed 15% of workforce and halve its product line in sector’s biggest ever restructure The car company Volkswagen has approved controversial plans to shed 100,000 jobs in a battle for survival as it faces fierce competitio…
Brief by WorldPing · Original reporting by The Guardian
Severe flooding in China’s Fujian province has caused a three-storey building to collapse.
Brief by WorldPing · Original reporting by Al Jazeera
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