Volkswagen to Cut 50,000 Jobs Amid Profit Drop

By admin March 10, 2026 No comment

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Volkswagen announced plans to cut 50,000 jobs across Germany by 2030, as post-tax profits fell by 44% in 2025, marking their lowest level since 2016. CEO Oliver Blume said the reductions will impact the entire group, including Audi and Porsche, and follow earlier agreements with unions to cut over 35,000 jobs in a socially responsible […]

Swiss Industry Warns of Chaos After Fresh U.S. Tariff Hike

By admin February 23, 2026 No comment

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Switzerland’s leading industry body Swissmem has criticised the latest tariff move by Donald Trump, saying it adds to global uncertainty and dampens investment activity. Over the weekend, Trump raised a temporary U.S. import tariff to 15% from 10%, a decision Swissmem said is exacerbating market chaos and creating fresh challenges for exporters. Switzerland had already

Volkswagen Targets 20% Cost Reduction by 2028 Amid Market Pressures

By admin February 16, 2026 No comment

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Volkswagen AG plans to cut costs by 20% across all its brands by the end of 2028, according to a report by Manager Magazin. The move comes as Europe’s largest carmaker grapples with rising production expenses, stiff competition in China, and the impact of U.S. tariffs. CEO Oliver Blume and CFO Arno Antlitz reportedly presented […]

US Scales Back Tariffs on Italian Pasta After Review

By admin January 2, 2026 No comment

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The US government has sharply reduced proposed tariffs on Italian pasta, easing pressure on producers that had faced the prospect of levies as high as 92%. Following a review by the US Department of Commerce, the duties have been cut to a range of between 2% and 14%, offering relief to major brands such as […]