World - Global Business & Economy

German auto supplier ZF Friedrichshafen to cut up to 15,000 jobs

German auto supplier ZF Friedrichshafen to cut up to 15,000 jobs

ZF, which helps carmakers develop gearboxes and hybrid drivetrains, said in an email to employees that half of the 12,000-15,000 job cuts would be...

Russia’s economy contracts 12pc y/y in April during coronavirus lockdown

Russia’s economy contracts 12pc y/y in April during coronavirus lockdown

Economic sectors with the focus on consumer demand staged the sharpest contraction in April, the first full month of coronavirus lockdown in Russia, the...

Amazon offers permanent jobs to 125K temp hires

Amazon offers permanent jobs to 125K temp hires

Amazon on Thursday said it is offering permanent jobs to 125,000 of the temporary workers hired to handle surging use of its online shopping service...

Brazil loses 5m jobs as pandemic slams economy

Brazil loses 5m jobs as pandemic slams economy

Brazil shed five million jobs in the first quarter as Latin America's biggest economy felt the first effects of the economic shock caused by the...

French jobless total surged 22.6 percent in April

French jobless total surged 22.6 percent in April

The number of people in France looking for jobs surged in April by 22.6% to a record high as a nationwide coronavirus lockdown shut down...

Kuwait Airways to lay off 1,500 foreign employees

Kuwait Airways to lay off 1,500 foreign employees

State-owned Kuwait Airways said Thursday it will lay off 1,500 expatriate employees due to "significant difficulties" caused by the coronavirus pandemic. The loss-making national carrier, which...

American Airlines to cut 30pc of management staff

American Airlines to cut 30pc of management staff

American Airlines will cut 30 percent of its management and support staff in its latest belt-tightening move during the prolonged COVID-19 downturn, the company disclosed...

US weekly jobless claims drop, but economic recovery still elusive

US weekly jobless claims drop, but economic recovery still elusive

The number of Americans seeking jobless benefits fell for an eighth straight week last week, likely as some people returned to work, but claims remained...

SAS loss deepens

SAS loss deepens

Scandinavian airline SAS said on Thursday that its quarterly loss deepened as air travel was devastated by coronavirus lockdowns. The carrier, which has practically stopped operating,...

EasyJet axes almost third of staff on virus fallout

EasyJet axes almost third of staff on virus fallout

EasyJet will axe up to 4,500 jobs, or almost one third of its staff, the British no-frills airline said Thursday, as the coronavirus ravages demand...

Close
Close