layoffs and downsizing

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

by

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 …

Read more

Nissan UK Furloughs Workers Amid Chip Shortage

by

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 …

Read more

Volkswagen to Layoff at least 4000 in Germany

by

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 …

Read more

More than 2 Million UK Workers Expect Massive Layoffs after Lockdown

by

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 …

Read more

Delta Reaches Cost Reduction Deal with Unions, Southwest Announces Layoffs

by

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.

Read more

+ More News Bulletins