German Workforce

Sipping Turkish black tea outside the doner shop he runs in the Berlin neighborhood of Kreuzberg, Faruk Can reflected on the many new faces he'd noticed in the area.

Bosch plans to cut "a couple of thousand" jobs in India over the next four years, its India managing director Soumitra Bhattacharya told news agency Bloomberg. The job cuts by Bosch - the Indian unit of the world's largest auto-parts supplier Robert Bosch GmbH - will add to thousands of job cuts in India's auto industry, which is struggling against...

Germany's second largest lender Commerzbank said on Thursday it plans to cut 9,600 jobs, or one-fifth of its workforce, by 2020 and withhold dividends to pay for a 1.1-billion-euro restructuring.

The move comes amid press reports that the US-based firm may cut around 18 percent of its German workforce over the next two years.

German heavy industry giant ThyssenKrupp said today it intends to axe "more than 2,000 jobs" out of a total workforce of 27,600 at its Steel Europe division in a 500 million Euro (USD 671-million) cost-cutting drive.

Sipping Turkish black tea outside the doner shop he runs in the Berlin neighborhood of Kreuzberg, Faruk Can reflected on the many new faces he'd noticed in the area.

Bosch plans to cut "a couple of thousand" jobs in India over the next four years, its India managing director Soumitra Bhattacharya told news agency Bloomberg. The job cuts by Bosch - the Indian unit of the world's largest auto-parts supplier Robert Bosch GmbH - will add to thousands of job cuts in India's auto industry, which is struggling against...

Germany's second largest lender Commerzbank said on Thursday it plans to cut 9,600 jobs, or one-fifth of its workforce, by 2020 and withhold dividends to pay for a 1.1-billion-euro restructuring.

The move comes amid press reports that the US-based firm may cut around 18 percent of its German workforce over the next two years.

German heavy industry giant ThyssenKrupp said today it intends to axe "more than 2,000 jobs" out of a total workforce of 27,600 at its Steel Europe division in a 500 million Euro (USD 671-million) cost-cutting drive.