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Dana Walden, Walt Disney Co.’s president and its first chief creative officer, says the company is not firing people every six months. She does say there is a constant need to look at how an organization is structured and that layoffs are "extremely painful." She speaks to Lucas Shaw at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
The Seprod layoffs Jamaica is debating cover 141 factory workers for three weeks, with the company citing a new sugar tax and falling sales. The post Seprod Layoffs Jamaica Hit 141 Workers Over Sugar Tax and Sales appeared first on The Rio Times.
Volkswagen’s supervisory board backed a sweeping restructuring that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint, giving Chief Executive Officer Oliver Blume his clearest mandate yet to overhaul Europe’s biggest carmaker. US retail diesel rose to a record, threatening to further spike energy-driven inflation as wars in Iran and Russia roil the market. The widely used fuel climbed to a nationwide average of $5.85 a gallon at the pump on Thursday, according to the American Automobile Association. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
Volkswagen announced Thursday that it will cut another 50,000 jobs worldwide under its biggest restructuring in the company's 89-year history, as the German carmaker faces pressure from US tariffs, overcapacity and fierce competition from Chinese rivals. The plan also sets out the future of four German plants.