Thursday, August 20
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Topic: jobs

The Volkswagen plant in Wolfsburg, Germany
Companies
Tuesday, 7/14, 06:33 AM

Volkswagen Flags 50,000 More Job Cuts After Its Board Blocks Plant Closures

  • Volkswagen's chief executive has told staff the company may need to cut around 50,000 more jobs, on top of 50,000 already agreed, to close a roughly 20% cost gap with rivals.
  • The warning came after VW's board, where unions and the state of Lower Saxony hold sway, rejected a plan that would have shut four German factories.
US dollar banknotes
Markets 52 d

The Dollar Heads for Its Best Month in Nearly a Year

  • The US dollar is set to close out its strongest month in nearly a year, lifted by safe-haven demand during the US-Iran flare-up and by bets that the Federal Reserve will keep interest rates high.
  • With the Gulf now in a fragile truce, the next test is Thursday's US jobs report.

jobs — news and stories on this topic

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