job cuts
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Company earnings
Volvo Group reports lower 2020 sales but strong profit margins
Weathering the COVID pandemic drove Volvo Group sales lower in 2020, but market share was stable and new orders are pouring in.
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Air Cargo
United Cargo spared brunt of airline’s job cuts
No part of United Airlines was spared from job cuts announced Wednesday, but the cargo division’s roughly 50 job losses are far fewer than those…
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Air Cargo
American Airlines to chop 19,000 jobs amid travel slump
The CARES Act was a Band-Aid for the airline industry, holding tens of thousands of jobs in place for a brief period. Now the Band-Aid…
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News
Daimler previews Q2 earnings upside surprise
Better-than-expected performance across the board buoys Daimler prospects. Job cuts are a big part of the picture in a preview of second-quarter earnings.
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Air Cargo
American Airlines warns of 25,000 job cuts
American Airlines, United Airlines and Delta Airlines are planning for mass layoffs unless workers take unpaid leave or separation packages as COVID continues to batter…
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Trucking
Volvo Group cutting 4,100 white-collar positions in second half
Swedish truck maker Volvo Group says financially ugly short- and medium-term market conditions require stepped-up cost cutting.
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News
BREAKING NEWS: Volvo Group cutting 4,100 white-collar jobs
Sweden’s Volvo Group is cutting 4,100 white-collar jobs globally in the second half in response to ongoing impacts of the COVID-19 pandemic. About 15% of…
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News
Meritor partially restores pay cuts while trimming salaried jobs
Ongoing COVID-19 impact leads global drivetrain supplier Meritor to trim 230 salaried jobs while partially restoring pay cuts implemented in March.
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Air Cargo
Air France-KLM bids adieu to A380 jumbo jet
(Updated May 25, 2020, 8:10 P.M. ET, with news about Emirates.) Air France-KLM Group (FP: AF) said it has permanently eliminated double-deck Airbus A380 aircraft…
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Trucking
TravelCenters of America begins reopening dine-in restaurants
The same health crisis that made TravelCenters of America an essential business during the coronavirus pandemic burned into non-fuel revenue in late March, leading to…
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