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Volkswagen board approves plan to cut 100,000 jobs

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Mocha wears a fushia pink off-the-shoulder dress with matching pink gloves and has a large brunette wig on. She has dramatic eye makeup. She is standing in front of a poster board which has her face on it.

The board of German car giant Volkswagen has approved a plan to cut another 50,000 jobs as part of a sweeping turnaround programme. It brings the total number of roles the company plans to shed by 2030 to 100,000.

The group – which includes Audi, Porsche, Skoda as well as the VW brand – said in March that it would cut 50,000 roles by the end of the decade.

The move is a “strong signal” for the future of the firm, which is “taking responsibility for our entire workforce”, VW’s chief executive Oliver Blume said in a statement on Thursday.

Blume told the BBC in July that the firm was looking to make the additional cuts.

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The company has been hit by a drop in profits due to falling sales and fierce competition, especially from Chinese brands.

VW’s statement also said that a “fundamental adjustment of the global workforce capability is necessary” to safeguard the competitiveness of the company, which faces shifting demand and technological change.

It added “a Group-wide workforce adjustment of approximately 50,000 positions – including management roles – will be necessary.”

As of 2025, the Beetle-maker employed more than 660,000 people worldwide.

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Oil set for steepest weekly gain since mid-July over intensifying US-Iran tensions

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Oil set for steepest weekly gain since mid-July over intensifying US-Iran tensions
Oil prices rose on Friday and are on track for the steepest weekly gain since mid-July as rising tensions and renewed U.S.-Iran hostilities heightened concerns over Middle East supply risks.

Brent crude futures rose 15 cents, or 0.2%, to $95.67 a barrel at 0100 GMT, while U.S. West Texas ‌Intermediate crude ⁠futures were ⁠up 26 cents, or 0.3%, at $91.56.

On a weekly basis, Brent rose 7.1% and ​WTI was 9.8% higher, set for the highest gains since the week ended ​July 20.

U.S. attacks this week that killed and wounded dozens, including Iranian civilians, marked the fiercest clashes between the two countries since ​July.

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The war, which began with U.S.-Israeli strikes ⁠at the ‌end of February, is now in its seventh ​month.


Israeli Defence ​Minister Israel Katz renewed warnings that Israel would “cripple” ⁠Iran’s military and civilian infrastructure, including energy facilities.
U.S. Vice ​President JD Vance told reporters on Thursday that ​Washington does not plan to hold talks with Iran unless Tehran stops attacking commercial shipping in the Strait of Hormuz.Capping oil’s advance, however, Russian President Vladimir Putin said there remained a path to a deal to end the war in Ukraine, adding that both ‌the U.S. and China were prepared to support a peace settlement.

Meanwhile, Iran expanded its list of vessels it deems ​non-compliant and ​subject to fines, ⁠confiscation or detention if they attempt to transit the strait. Iraqi ships remain among the few vessels Tehran has cleared to pass through Hormuz.

Iraq ​increased its oil exports to around 2.34 million barrels per day in August from about 1.35 million bpd in July, two Iraqi energy officials said on Wednesday, with September exports also expected to increase as heavy discounts and Iranian approvals for Iraqi tankers encouraged buyers.

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Mama’s Creations, Inc. (MAMA) Q2 2027 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to Mama’s Creations, Inc. Second Quarter Fiscal 2027 Earnings Conference Call. [Operator Instructions] This conference is being recorded today, Thursday, September 3, 2026, and the earnings press release accompanying this conference call was issued after the market closed today. On our call today is Mama’s Creations Chairman and CEO, Adam L. Michaels, and CFO, Anthony Gruber. Before we get started, I’d like to note that some of the statements on this call will be forward-looking statements that reflect management’s current expectations about future operating and financial results. Although management believes their expectations and assumptions are reasonable, they remain subject to significant risks and uncertainty, and actual results for future periods may differ materially from what is stated or implied during today’s call.

For more information, please refer to the forward-looking statement section in today’s press release and the risk factors disclosed in the company’s most recent Form 10-K and any subsequent reports it files with the SEC. Please also note that today’s call will include a discussion of adjusted EBITDA, which is a non-GAAP financial measure. Important information, including required disclosures containing a reconciliation to the most directly comparable GAAP measure, is also detailed in today’s press release. At this time, I’d like to turn

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Missouri statehouse candidate accused of trying to plant drugs on opponent

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Missouri statehouse candidate accused of trying to plant drugs on opponent

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Billionaire-backed BCI seeks food security role

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Billionaire-backed BCI seeks food security role

BCI Minerals says a by-product from its $1.48 billion expansive salt operation could aid Australian food security after fertiliser prices soared in the fallout of the Middle East conflict.

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A Guide to Owning Bonds When They’re Selling Off

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David Uberti hedcut

A Guide to Owning Bonds When They’re Selling Off

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Public trust in politicians drops amid voter cynicism

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Public trust in politicians drops amid voter cynicism

A new report from the Centre for Policy Development comes amid a surge in support for One Nation as voters vent anger at the two major parties.

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Jackdaw gas field set to be approved as soon as mid-September, sources say

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But industry bodies argue that starting production at the sites would provide much-needed jobs and improve the UK’s energy security as overseas conflicts threaten supply.

Advocates of the project also told the BBC that Jackdaw’s output is critical to extending the life of other North Sea infrastructure including Shearwater – a large offshore oil and gas production hub that processes hydrocarbons before piping them to coastal refineries and terminals.

Adura said that if approval comes in September, the field could start delivering gas to UK homes by this winter as the construction is “99% complete”.

A public consultation on the future of Jackdaw and another new oil field, Rosebank, closed in August and the decision now rests with Energy Secretary Miatta Fahnbulleh.

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Speaking in the House of Commons on Thursday, Energy Minister Kate White said that the energy secretary would make separate decisions on the two sites, but gave no indication of the timings of an announcement.

“The process ended in August, and the Secretary of State will be taking those decisions in due course,” she told MPs.

Prime Minister Andy Burnham recently said there needs to be a “pragmatic approach” towards domestic oil and gas.

“We won’t be able to stop using oil and gas for some time. That’s just a fact,” he said.

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“The question is whether we can accelerate use of it so that we pay for the transition.”

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Earnings call transcript: PYC Therapeutics posts Q3 2026 EPS beat as trial data lifts outlook

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Earnings call transcript: PYC Therapeutics posts Q3 2026 EPS beat as trial data lifts outlook

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Humanoid Robots Put China Ahead in Tech Race

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Humanoid Robots Put China Ahead in Tech Race

China’s humanoid robot manufacturers now dominate 97% of global shipments, establishing an early leadership advantage over U.S. competitors. This dominance highlights China’s rapid advancements in robotics technology and its growing influence in the global market. The trend underscores shifting technological power dynamics, with Beijing solidifying its position as a key player in humanoid robot development and deployment worldwide.


Humanoid robots are revolutionizing the technological landscape in China, positioning the country at the forefront of innovation. These advanced machines are capable of simulating human behaviors, including speech, gestures, and decision-making processes. Chinese tech companies and research institutions have invested heavily in developing sophisticated robots that can perform tasks ranging from customer service to healthcare support. This focus has enabled China to make significant technological breakthroughs, gaining a competitive edge in the global robotics industry.

The deployment of humanoid robots in various industries has bolstered China’s economy and technological reputation. In public spaces, such as malls and airports, these robots assist visitors, providing information and guidance efficiently. Moreover, in healthcare, humanoid robots are helping with patient care and rehabilitation. Such innovations showcase China’s commitment to integrating cutting-edge robotics into everyday life, enhancing efficiency and demonstrating technological leadership.

By advancing humanoid robotics, China is not only streamlining services but also driving the future of automation and AI. This progress positions China ahead in the fierce global tech race, attracting investments and talent from around the world. As these technologies evolve, China’s dominance in the robotics sector is likely to expand, reaffirming its status as a global tech powerhouse.

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Diamond Hill Intermediate Bond Strategy Q2 2026 Commentary

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Diamond Hill Intermediate Bond Strategy Q2 2026 Commentary

Diamond Hill Capital Management, Inc. is a wholly owned subsidiary of Diamond Hill Investment Group, Inc. Diamond Hill Investment Group is a publicly traded company, and its shares trade on the NASDAQ (Ticker: DHIL). Note: This account is not managed or monitored by Diamond Hill Capital Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Diamond Hill Capital Management’s official channels.

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