Europe: Not a good time for jobs

It's been a rough week for employment in Europe with major companies announcing significant job cuts and restructuring plans. Driven by economic pressures and global competition, these developments could have long-term impacts on employment and industry stability

Driving the news:

• Volkswagen faces a looming strike if negotiations with IG Metall over pay and job reductions don't conclude by week's end.
• Ford plans to cut around 4,000 jobs by 2027 due to declining electric vehicle demand, affecting 2,900 jobs in Germany and 800 in the UK.
• Bosch is further reducing hours and pay for 10,000 employees, citing slow electric vehicle sales.

The big picture: European industries are grappling with competition from Asia, particularly in sectors like automotive and steel, leading to strategic shifts and workforce reductions. 

ADDITIONAL INFORMATION:

IndustriAll Europe is planning a campaign to organise workers in Europe’s battery industry