Cost Cutting
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Volkswagen Weighs First-Ever Germany Plant Closures To Cut Costs
Volkswagen AG is considering unprecedented factory closures in Germany in a bid for deeper cutbacks, delivering another blow to Chancellor Olaf Scholz's government.
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Elon Musk Sacking Senior Tesla Staff To Further Reduce Costs: Report
Elon Musk is firing more people at his electric car company Tesla, after executing layoffs this month that affected 10 per cent of its global workforce, a media report said today.
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Amazon To Shut Down Its Global Online Bookstore To Cut Costs: Report
Amazon will shut down global online bookstore Book Depository after almost two decades, CNN Business reported. The UK-based bookseller, bought by Amazon in 2011, announced Wednesday that it would cease operations on April 26.
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Elon Musk Outlines Tesla's Recession Playbook, Cuts Back Costs
Elon Musk has a playbook for Tesla headed into what he believes will be a "serious" recession: cut costs on everything from parts to logistics, while keeping the pressure on competitors with discounted sticker prices.
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Shell Launches Major Cost-Cutting Drive To Prepare For Energy Transition
Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters.
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Groupe Renault CEO Luca de Meo Says More Cost Cuts May Be Needed
Renault might have to cut more costs than the 2 billion euros ($2.4 billion) in savings already planned to get back on its feet, the French carmaker's new Chief Executive Luca de Meo said in an internal memo seen by Reuters.
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"Maximum Privatisation": Rahul Gandhi On Centre's Job Freeze To Cut Costs
A day after sharing a list of "Modi-made disasters", including the highest unemployment rate in 45 years, Congress leader Rahul Gandhi continued his attack on the BJP-led central government today, raking up the issue of freeze on recruitment to government posts.
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Lockdown-Hit Casual Workers Of Air India Move High Court Seeking Work
At least 250 casual workers of Air India have approached the Bombay High Court seeking direction to the government-run airline to provide them work as the coronavirus-induced lockdown has rendered them jobless and deprived them of wages.
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Volkswagen Group Considering More Cost Cuts To Cope With Downturn
Volkswagen is considering more cost cuts to help cope with the economic impact of the coronavirus pandemic, a spokesman for the German automaker said.
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Nissan Sees Cost Of Quitting Barcelona At Up To $1.7 Billion: Report
Nissan Motor Co has estimated the closure of its plants in Barcelona could cost up to around 1.5 billion euros ($1.7 billion), a union source told Reuters on Monday.
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Volkswagen Considers Temporary Layoffs In Spain If Coronavirus Disrupts Supply
German carmaker Volkswagen has agreed with the main unions at its plant in Spain's Navarra region that some workers will be temporarily sent home in case of disruption to the supply chain due to the coronavirus outbreak, a spokesman said.
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Ford's Incoming COO Focuses On Cost Cuts, Launches, Change
Ford Motor Co's incoming chief operating officer outlined his priorities for the company's turnaround on Wednesday, including cost cuts and more efficient new-vehicle launches in a year in which it will introduce a redesigned F-150 full-sized pickup truck.
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Daimler Plans To Cut Administration Costs By 20%: Report
Incoming Daimler boss Ola Kaellenius is working on a cost cut program to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories.
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Audi Seeks Closer Ties To Porsche In Cost-Cutting Drive
Audi will make greater use of vehicle platforms and technologies developed with Porsche and Volkswagen as it embarks on a 15 billion euro cost cutting and efficiency drive, Chief Executive Bram Schot said.
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Seagate to Cut 6,500 Jobs Globally Despite Strong Q4 Earnings Outlook
Seagate will cut 14 percent of its total workforce by the end of fiscal year 2017 due to long-term weak outlook of its business
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Volkswagen Weighs First-Ever Germany Plant Closures To Cut Costs
Volkswagen AG is considering unprecedented factory closures in Germany in a bid for deeper cutbacks, delivering another blow to Chancellor Olaf Scholz's government.
-
Elon Musk Sacking Senior Tesla Staff To Further Reduce Costs: Report
Elon Musk is firing more people at his electric car company Tesla, after executing layoffs this month that affected 10 per cent of its global workforce, a media report said today.
-
Amazon To Shut Down Its Global Online Bookstore To Cut Costs: Report
Amazon will shut down global online bookstore Book Depository after almost two decades, CNN Business reported. The UK-based bookseller, bought by Amazon in 2011, announced Wednesday that it would cease operations on April 26.
-
Elon Musk Outlines Tesla's Recession Playbook, Cuts Back Costs
Elon Musk has a playbook for Tesla headed into what he believes will be a "serious" recession: cut costs on everything from parts to logistics, while keeping the pressure on competitors with discounted sticker prices.
-
Shell Launches Major Cost-Cutting Drive To Prepare For Energy Transition
Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters.
-
Groupe Renault CEO Luca de Meo Says More Cost Cuts May Be Needed
Renault might have to cut more costs than the 2 billion euros ($2.4 billion) in savings already planned to get back on its feet, the French carmaker's new Chief Executive Luca de Meo said in an internal memo seen by Reuters.
-
"Maximum Privatisation": Rahul Gandhi On Centre's Job Freeze To Cut Costs
A day after sharing a list of "Modi-made disasters", including the highest unemployment rate in 45 years, Congress leader Rahul Gandhi continued his attack on the BJP-led central government today, raking up the issue of freeze on recruitment to government posts.
-
Lockdown-Hit Casual Workers Of Air India Move High Court Seeking Work
At least 250 casual workers of Air India have approached the Bombay High Court seeking direction to the government-run airline to provide them work as the coronavirus-induced lockdown has rendered them jobless and deprived them of wages.
-
Volkswagen Group Considering More Cost Cuts To Cope With Downturn
Volkswagen is considering more cost cuts to help cope with the economic impact of the coronavirus pandemic, a spokesman for the German automaker said.
-
Nissan Sees Cost Of Quitting Barcelona At Up To $1.7 Billion: Report
Nissan Motor Co has estimated the closure of its plants in Barcelona could cost up to around 1.5 billion euros ($1.7 billion), a union source told Reuters on Monday.
-
Volkswagen Considers Temporary Layoffs In Spain If Coronavirus Disrupts Supply
German carmaker Volkswagen has agreed with the main unions at its plant in Spain's Navarra region that some workers will be temporarily sent home in case of disruption to the supply chain due to the coronavirus outbreak, a spokesman said.
-
Ford's Incoming COO Focuses On Cost Cuts, Launches, Change
Ford Motor Co's incoming chief operating officer outlined his priorities for the company's turnaround on Wednesday, including cost cuts and more efficient new-vehicle launches in a year in which it will introduce a redesigned F-150 full-sized pickup truck.
-
Daimler Plans To Cut Administration Costs By 20%: Report
Incoming Daimler boss Ola Kaellenius is working on a cost cut program to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories.
-
Audi Seeks Closer Ties To Porsche In Cost-Cutting Drive
Audi will make greater use of vehicle platforms and technologies developed with Porsche and Volkswagen as it embarks on a 15 billion euro cost cutting and efficiency drive, Chief Executive Bram Schot said.
-
Seagate to Cut 6,500 Jobs Globally Despite Strong Q4 Earnings Outlook
Seagate will cut 14 percent of its total workforce by the end of fiscal year 2017 due to long-term weak outlook of its business
