• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Union says layoffs at Ford spell ‘incremental death’ for German site

by November 27, 2024
written by November 27, 2024

BERLIN (Reuters) – Germany’s IG Metall union lashed out on Wednesday at plans to cut thousands of jobs at Ford (NYSE:F), saying that the restructuring would spell a slow death for the U.S. automaker’s production site in Cologne.

“In our view, this would be an incremental death,” IG Metall representative Kerstin Klein said of the plans’ expected impact on the Cologne plant.

“We know the toolbox available in such a dispute and will not hesitate in giving the workforce the appropriate outlet for their anger,” David Luedtke, a workforce representative, said in the statement from the union.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
US weekly jobless claims decline further
next post
JPM strategists see volatility supply dampening VIX in 2025

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • US imposes $4 million penalty against Lufthansa over treatment of Jewish passengers
    • ‘Bond vigilante’ PIMCO trims long-term US sovereign debt holdings

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy