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February 23, 2017
France's PSA wants to be 'European car champion' with Opel
The chairman of French carmaker PSA Group wants to create a "European car champion" with the potential purchase of General ...
February 22, 2017
France: PSA-Opel deal would be good news if jobs are saved
France's finance minister says a possible PSA Group takeover of General Motors' German subsidiary Opel could help both ...
February 14, 2017
Swiss bank Credit Suisse to cut 5,500 jobs this year
Credit Suisse announced plans Tuesday to cut as many as 6,500 jobs this year in an "incremental headcount reduction," as the ...
December 13, 2016
Italy's largest bank to shed jobs in aggressive overhaul
Italy's largest bank, UniCredit, said Tuesday it will unload 17.7 billion euros ($18.8 billion) in soured loans, raise ...
December 08, 2016
AstraZeneca cuts about 700 jobs, including 120 in Delaware
British-based pharmaceutical company AstraZeneca says it is eliminating about 700 jobs in its U.S. commercial business, ...
November 29, 2016
Plane maker Airbus plans 1,100 job cuts as it consolidates
Airbus wants to cut more than 1,100 jobs across Europe as it consolidates its activities and seeks to better compete with U.S
October 25, 2016
Troubled Italian bank unveils overhaul plan to stay afloat
Troubled Italian bank Monte dei Paschi di Siena unveiled Tuesday a restructuring plan that will include new management, ...
October 25, 2016
Plunging solar equipment prices fuel trade complaints
Use of solar power is soaring, but Europe's biggest solar panel manufacturer, SolarWorld, took the surprise step last month ...
October 12, 2016
Roberto Cavalli announces job cuts, closures, removes Dundas
Roberto Cavalli's new owners are cutting 200 jobs, closing stores and replacing the fashion house's creative director in a ...
October 04, 2016
Ericsson cuts 3,000 jobs in Sweden, reduces operations
Ericsson said Tuesday it will cut 3,000 jobs in Sweden, or nearly 20 percent of its local workforce, and will downsize ...
September 28, 2016
Germany's Air Berlin to shed 75 aircraft, 1,200 jobs
Struggling German airline Air Berlin says it plans to cut its fleet nearly in half and eliminate some 1,200 jobs as part of ...
September 08, 2016
Belgium mulls action against Caterpillar over plant closure
Belgium's government is considering legal action against Caterpillar over the U.S. heavy equipment maker's decision to close ...
September 02, 2016
Caterpillar considers closing Belgian site, laying off 2,000
U.S. heavy equipment maker Caterpillar said Friday it may close a Belgian manufacturing site and lay off about 2,000 workers, ...
August 26, 2016
Brewer AB Inbev to cut thousands of jobs in takeover deal
The world's largest brewer, AB Inbev, expects to cut about 3 percent of its total workforce — equivalent to thousands of jobs ...