job cuts
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News
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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Equipment
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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Company earnings
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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News
TravelCenters of America cuts 130 jobs in sweeping reorganization
Less than six months after he was hired, turnaround veteran Jon Pertchik refashions the travel plaza and truck stop business with an emphasis on getting…
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Company earnings
Cummins counts on century-long survival skills to weather pandemic
Cummins saw a tough environment for most of its segments in 2020 before the word pandemic became common. Now it is depending on its collective…
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Equipment
Sliding sales prompt restructuring at Daimler Trucks
Daimler Trucks is executing structural changes around the world because of sliding sales.
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Europe
Auto parts maker Continental slashing 5,000 jobs citing transition to electric mobility
Continental AG is looking to rapidly restructure its workforce and phase out production plants to catch up with new-age mobility options like electric and connected…
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Europe
Tata Steel to fire 3,000 workers in Europe citing slowdown and weak market demand
Tata Steel is suffering from declining steel demand in Europe, brought about by an economic slowdown and uncertainties revolving the U.K. general elections and Brexit.
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