Volkswagen is entering the largest restructuring of its modern history, with about 50,000 additional jobs now on the cut table, in addition to about 50,000 already agreed in Germany. If the plan is implemented in its maximum range, the German giant will have proceeded overall to a reduction that reaches 100,000 positions, [...]
Klaus-Michael Kine died at the age of 89, heir to a shipping empire and wealthier man in Germany, who converted Kuehne + Nagel International AG into one of the largest groups worldwide in maritime and air freight. His death, in Sindelengi, Switzerland, was confirmed Monday by the company. Under the leadership of Kine, [...]
The pressure on the shareholders of the German car industry group increased by families controlling Volkswagen, expressing their full support for the ambitious management restructuring plan, which could lead to the abolition of tens of thousands of additional jobs. On the occasion of the announcement of the financial results of Porsche SE – the investment vehicle of families [...]
The labour market in Germany is flooded by managers as Volkswagen, like other car manufacturers, proceeds to dismissals of hundreds of managerial positions within the framework of massive cuts in administrative staff. The same is true of other groups at a time when German car giants are under intense pressure from Chinese car manufacturers. Manufacturers such as [...]
