German automobile manufacturing giant Volkswagen is planning to slash upto 5,000 jobs in Germany by 2023 through an early or partial retirement offer to older employees. “Up to 900 employees would opt for an early retirement scheme while others would leave the company as part of a gradual halting of their activities,” the company informed in a…
e.GO Mobile has closed a Series B equity funding round of more than EUR 30 Million for Next.e.GO Mobile SE, enabling start of production in its German factory and supporting Company’s growth agenda. The round attracted international investors from all around the globe, including Moore Strategic Ventures (MSV), the privately held investment company for Louis M. Bacon, founder…
German conglomerate, Thyssenkrupp plans to slash 11,000 jobs in total in the upcoming several years according to a statement by it on Thursday after reporting a 5.5 billion-euro deficit for the period that ended in September. The jobs cut will be twice as many jobs as expected last year as the company’s beleaguered steel business…