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.
German industrial giant Siemens reiterated plans to cut jobs in its power and gas business, despite an uptick in profits. Unions plan to protest in Munich, where the company's shareholders are meeting.
The German engineering giant is expecting bumper profits in the wake of a massive restructuring that will also cut thousands of jobs. But Siemens believes a new, leaner structure is vital for long-term growth.
German flag carrier Lufthansa has confirmed it wants to buy parts of stricken Italian airline Alitalia. But the offer would entail drastic job losses. Too drastic for the government in Rome to even consider?
Britain’s business secretary Greg Clark is meeting the CEO of PSA Carlos Tavares in Paris to discuss job cuts at the Vauxhall car factory. UK politicians and unions are concerned about the future of the plant.
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