layoffs and downsizing - Daily NewsBrief

Qantas Airways to Stand Down 2,500 Employees Due to COVID-19 Lockdown in Sydney

August 3, 2021 by Fourth Estate®

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 UK Furloughs Workers Amid Chip Shortage

April 16, 2021 by Fourth Estate®

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 to Layoff at least 4000 in Germany

March 15, 2021 by Fourth Estate®

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 …

More than 2 Million UK Workers Expect Massive Layoffs after Lockdown

February 18, 2021 by Fourth Estate®

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 …

Dropbox to Cut 11% of Global Workforce

January 13, 2021 by Fourth Estate®

Dropbox would lay off 11 percent of its workforce worldwide, citing that such a move is “necessary to implement new strategies” that the company came up with in the recent months to endure the painful effects of the pandemic crisis.

Southwest Airlines warns of 6,800 impending layoffs

December 4, 2020 by Fourth Estate®

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.

New US Jobless Claims Fell Slightly to 712,000 Last Week

December 3, 2020 by Fourth Estate®

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 Reaches Cost Reduction Deal with Unions, Southwest Announces Layoffs

November 27, 2020 by Fourth Estate®

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.

Disney to Layoff 32,000 Workers

November 26, 2020 by Fourth Estate®

Disney disclosed in their latest 10-K filing new downsizing plans which would increase the 28,000 layoffs announced in September to 32,000.

General Electric Warns of More Job Cuts at Aviation Business

November 25, 2020 by Fourth Estate®

-General Electric warned on Tuesday afternoon of more job cuts at its aviation unit, citing a lengthy recovery for the airline industry from the impact of the COVID-19 pandemic and the lockdown measures to contain its spread.

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