Continental, the German auto-parts maker, revealed plans to restructure its automotive business division in an effort to save hundreds of millions of euros annually. The company aims to achieve savings of around 400 million euros ($427.4 million) starting from 2025 through the proposed changes. The exact number of job cuts in the automotive segment has not been determined yet, … [Read more...] about Continental Announces Restructuring, Anticipates Job Cuts
Job Cuts
Pfizer to Cease Operations at Site in Sandwich, England
By Ian Walker Pfizer, the pharmaceutical giant, has revealed plans to discontinue its Pharmaceutical Sciences Small Molecule operations at its location in Sandwich, Kent, England. This decision will unfortunately result in the loss of approximately 500 jobs. However, it is important to note that Pfizer's other functions at the Sandwich site will remain operational, reassuring … [Read more...] about Pfizer to Cease Operations at Site in Sandwich, England
City Pub Group Shares Rise after Takeover Agreement with Young & Co.’s Brewery
City Pub Group's shares have surged by 37% after the company announced its agreement to a £162 million ($201.2 million) takeover by Young & Co.'s Brewery. However, it is expected that there will be job cuts following the completion of the deal. At 13:52 GMT, the shares were up 36.50 pence, reaching 135.50 pence, whereas Young shares declined by 10.0 pence or 0.9% to 1,100.0 … [Read more...] about City Pub Group Shares Rise after Takeover Agreement with Young & Co.’s Brewery
Rising Costs Prompt Job Cuts at Delta Air Lines
Delta Air Lines is confronting a surge in costs, prompting the airline to consider laying off some corporate workers in an effort to "better manage costs" in 2024 and beyond. Despite reporting record third-quarter revenue and expressing optimism about travel demand just weeks ago, Delta's decision to cut jobs underscores the significant cost pressures faced by the … [Read more...] about Rising Costs Prompt Job Cuts at Delta Air Lines
CVS Health to Cut 5,000 Jobs in Cost-Saving Drive
CVS Health, a leading healthcare giant, has announced plans to cut approximately 5,000 jobs in an effort to save costs. The move comes after the company made significant acquisitions to expand into primary care. According to a report from The Wall Street Journal, CVS has stated that the job cuts will primarily affect corporate positions and will not impact customer-oriented … [Read more...] about CVS Health to Cut 5,000 Jobs in Cost-Saving Drive
