Lufthansa: Up to 26,000 jobs at risk
12 June 2020 | 7:06 am
Tens of thousands of jobs could be cut at German airline Lufthansa. Executives said Thursday personnel costs had to be reduced drastically to ensure a better restart following the coronavirus crisis.
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The wave of mass layoffs continues to shake tech companies, from global giants to startups. With growing demand from consumers stuck at home and online, the tech sector went on a hiring spree during the pandemic. But since last year, as inflation rose and profits slowed, hundreds of thousands of workers have lost their jobs.
Carmaker Ford has announced plans to eliminate 2,300 jobs in Germany, 1,300 in the UK and another 200 in the rest of Europe. It's part of a broader restructuring process as it aims to go all-electric in just 12 years.
The German media giant Axel Springer is cutting jobs at its brands Bild and Welt, while warning that journalists are at risk of being made obsolete by artificial intelligence.
For the first time in three years, the major German airline has turned a profit as millions of travelers return to the skies. But continuing workforce issues may hamper expansion in 2023.
Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs this year, making it the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn.
Talking Europe speaks to the European Commissioner for Jobs and Social Rights, Nicolas Schmit. With anger growing in France about the government's push to increase the retirement age from 62 to 64, and the EU facing an ongoing cost-of-living crisis, his portfolio is very much in the spotlight – including recommendations to encourage a Minimum Income for all.
The bank is looking to trim down after the bloating caused by the merger of the two Swiss banking rivals. More than 10,000 jobs are on the chopping block in Switzerland alone.
Lebanon's economic meltdown has plunged most of the population into poverty. It's now also threatening the country's security. As the currency has plummeted to new lows in recent months, salaries too have fallen, as prices rise. To make ends meet, soldiers are being forced to take on second jobs, or even desert their ranks.
A European Union court has annulled Brussels' approval for German state aid granted to Lufthansa worth €6 billion during the COVID-19 pandemic. The airline said it would analyze the ruling.
In the city of Antakya in southern Turkey, which was heavily damaged by the devastating February 6 twin earthquakes, the Turkish government has made an ambitious pledge: to rebuild – better – in a year. But residents there remain sceptical. Not only do homes need rebuilding, but those who live there must have jobs to return to as well. Our correspondents Shona Bhattacharyya, Ludovic de Foucaud and Hussein Assad report from the quake-damaged region.
We take a look at former French President's Nicolas Sarkozy's interview in Le Figaro, as he defends himself against corruption charges.
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