British bank Virgin Money on Thursday has announced closing 31 branches and axing around 112 jobs across Scotland and the north of England “as it adapts to changing customer demand.” The company said that upon reviewing, 31 of their branches …
Alibaba Group Holding Ltd has fired 10 employees after publicly sharing a female coworker’s statement that indicated her sexual assault accusations against a former supervisor of the company, Bloomberg reported on Monday. In an internal memo, Alibaba announced last week …
Qantas will stand down around 2,500 of its employees for about two months due to the extended COVID-19 lockdown in Sydney that affects air travel across Australia. The airline announced on Aug. 3 that the stand down will directly impact …
Nissan Motor has furloughed around 800 workers at its UK assembly plant due to the worsening global chip shortage. “We are adjusting production, and the number of workers daily, due to the semiconductor shortage. There were times when staff were …
Volkswagen plans to cut as many as 4,000 of its workers at its plant in Germany, offering early an partial retirement for its older employees. Volkswagen made a statement earlier this morning that it would offer partial retirement plans for …
Approximately 2.6 million British employees, or around eight percent of the UK’s workforce, said that they are expecting to lose their jobs in the following three months due to the persevering economic downturn caused by the pandemic crisis. A study …
Workers have held protests and stormed the Total S.E. Headquarters in France amid impending layoffs. “Total does not want our struggle to be heard, for the pickets to spread, and to pay for poverty and unemployment. After Grandpuits, who will …
Southwest Airlines announced that 6,800 employees may be furloughed by spring due to an alleged “lack of meaningful progress” in cost-cutting negotiations with labor unions.
First-time claims for unemployment benefits in the United States totaled 712,000 in the week that ended on November 28th, reaching the lowest level during the pandemic crisis.
Delta Air Lines has reached a deal with its pilots to implement pay cuts to avoid furloughs along with Southwest Airlines’ warning of massive layoffs, as both U.S. airlines attempt to implement deep cost-cutting plans to withstand one of the most painful recessions in aviation history.