Air France is about to annouce major layoffs. The company's management has been engaged in contentious negotiations with pilots over the airline's restructuring plans. The talks have failed. One union official says almost 3,000 jobs could be cut.
The audio version of YouTube has confirmed a major cost-cutting exercise is underway as it struggles to turn a profit. The restructuring will force the closure of its London and San Francisco offices.
With PSA's takeover of Opel/Vauxhall, new questions have arisen about the future role of GM's former European division. German car industry expert Ferdinand Dudenhöffer looks beyond the day's official statements.
After poor Christmas holiday sales, Macy’s, one of the largest retailers in the US, has announced more plans to cut thousands of jobs and close dozens of stores across the country.
Bombardier has said it will need to slash thousands of additional jobs as part of a global restructuring. The Canadian aircraft and train manufacturer will likely cut some positions in Germany.
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