The economic woes for Germany are coming from every direction. High energy prices and competition from China are undermining its manufacturing and export-oriented economy.
The problems at Volkswagen are apparently worse than previously assumed, according to Manager-Magazine. In the medium term, the number of employees in Germany alone could be reduced by 30,000 to 100,000, the report says referencing group insiders.
It’s not just jobs either, planned investments could be cut by 20 billion euros due to revenue shortfalls. The big miss is in China, where VW sells about one third of all its brands.
I don’t have the original report but here’s a German report highlighting it.
San Diego’s jobless rate settled into more comfortable territory in September, just a month after it had spiked to a surprising 5.1 percent.State labor offici
Washington — Vice President Kamala Harris has increasingly questioned former President Donald Trump's ability to handle the demands of another four years in t
Mari was just two months into her new job when she decided she had had enough. The position at an online bank in Tokyo, found through a staffing agency, had loo
With three weeks to go until 2024's Election Day, U.S. Vice President Kamala Harris' presidential campai