Keywords: Restructuring
The European External Action Service (EEAS), the European Union’s diplomatic service, is facing a major restructuring that could significantly reduce its central staff over the next two years, according to Euractiv, as EU governments debate spending priorities and the future organization of external......
Volkswagen is preparing for a major restructuring aimed at significantly reducing costs and improving profitability, with up to 50,000 jobs potentially affected worldwide in the coming years, around half of them in Germany. The German automaker’s supervisory board has unanimously approved a broad......
South Africa’s platinum industry is facing another setback after Sibanye-Stillwater announced consultations over a proposed restructuring of its Kwezi mine, a move that could put 1,114 jobs at risk. The potential job losses include 781 positions held by the company’s employees and a further......
AC Milan is preparing for a significant restructuring of its administrative and sporting organization under owner Gerry Cardinale, a move that could reduce the influence of Swedish football icon Zlatan Ibrahimovic within the club. The changes come after a disappointing season and reflect Cardinale's......
Indian engineering group Suprajit Engineering is expanding the strategic role of its industrial operations in Morocco as part of a broader restructuring of its European manufacturing network. The group has progressively shifted part of its production from Poland to Tangier, while also relocating industrial......
German automotive giant Volkswagen plans to eliminate another 50,000 jobs over the coming years as part of an extensive cost-cutting and restructuring program aimed at improving the competitiveness of the group. The company said Thursday evening that reducing its global workforce capacity was necessary......
PayPal is reducing its workforce in India as part of the transformation plan initiated by the payments group. Approximately 220 employees are affected by this latest round of job cuts, as the company seeks to sustainably reduce its costs and accelerate the integration of artificial intelligence and automation. PayPal......
The former member of Volkswagen's supervisory board, Marianne Heiss, is set to reclaim her seat ahead of a strategic meeting scheduled for September 4. She is expected to replace Susanne Wiegand and may also take over the presidency of the audit committee, according to the German daily Handelsblatt. Volkswagen......
Apple is undergoing a new round of job cuts affecting several strategic teams, including those working on Siri, the Vision Pro, immersive video content, and gaming. According to reports from Bloomberg on August 21, 2026, and echoed by several specialized media outlets, over 200 jobs are expected to be......
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