Tag: Jobs cut

Volkswagen to slash 5,000 jobs by 2023

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…

Debenhams set to close without alternative offer, 12,000 jobs at risk

British multinational retail store operator, Debenhams is set to wind up its chain and shut down its 124 remaining stores without alternative offer, potentially putting the job of 12,000 employees at risk. The administrators made the above announcement a day after Arcadia Group of Sir Philip Green wound up its stores putting 13,000 jobs out…