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Apple And Tesla Supplier STMicroelectronics Plans Up to 3,000 Job Cuts in Italy and France
31 Jan 2025 18:16 GMT
STMicroelectronics NV STM is considering downsizing its workforce in Italy and France by up to 6%, implying 2,000-3,000 workers.
On Thursday, STMicroelectronics reported fourth-quarter net revenues of $3.32 billion, up by 22.4%, topping the analyst …
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ST looking for 6% job cuts
31 Jan 2025 13:26 GMT
The reduction could affect up to 2000 to 3000 people out of ST’s 50,000 workforce. The number of cuts is said to be under discussion.
On Thursday, CEO Jean-March Chery said the company is looking to shrink its cost base and is planning an early retirement …
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Job cuts under way: how much worse might it get?
31 Jan 2025 09:59 GMT
In October 2024 the German automotive trade association VDA published a … different sets of data on job cuts and identifying the definitive picture …
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How will Madison County respond to massive Nissan jobs cut?
30 Jan 2025 02:01 GMT
… cutting move by the Japanese auto maker.
The buyouts are targeted … reached out to the United Auto Workers for comment, but they … reduction and 9,000 global job cuts in November.
Up next:Is …
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EU drawing-up ‘action plan’ to support struggling auto industry
31 Jan 2025 08:20 GMT
… 's biggest automotive producers having been struggling … the bloc’s beleaguered auto sector as it faces … s competitiveness.
“The European automotive industry is at a pivotal … competition.
Announcements of possible job cuts have multiplied. Volkswagen plans …
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EU seeking ways to save its beleaguered auto industry
31 Jan 2025 07:22 GMT
… the bloc's beleaguered auto sector as it faces mounting … ;s competitiveness.
"The European automotive industry is at a pivotal … Chinese competition.
Announcements of possible job cuts have multiplied. Volkswagen plans to …
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EU revs up to fight slump as high prices and Chinese competition throttle auto industry
30 Jan 2025 17:59 GMT
… bloc's troubled automotive sector.
Manufacturers say high … . However, possible job cuts — firms announced 88,000 job reductions in 2024 — … a robust and sustainable automotive sector,” she added.
… to decarbonize the European automotive industry — one that …
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EU vows ‘action plan’ for beleaguered auto sector
30 Jan 2025 12:15 GMT
… help the bloc’s beleaguered auto sector as it held talks … ’s lagging competitiveness.
“The European automotive industry is at a pivotal … from China.
Announcements of possible job cuts have multiplied. Volkswagen plans to …
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EU vows 'action plan' for beleaguered auto sector
30 Jan 2025 11:18 GMT
… plans to help its struggling automotive sector, promising an "action … manufacturers. The EU's automotive industry faces high costs, a … electric vehicles, and concerns over job cuts. Industry leaders, including Volkswagen and …
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EU Holds Auto Talks To Revive Embattled Car Sector
30 Jan 2025 07:04 GMT
… get underway on Thursday, with automotive CEOs awaited in Brussels to … industry group.
Announcements of possible job cuts have multiplied. Volkswagen reached an …