Combustion engine ban threatens ‘grave crisis’ for Europe, Italy says
Industry minister Adolfo Urso warns of large-scale job losses among carmakers unless Green Deal rules are relaxed
Job losses
Europe’s financial ambitions slam into German opposition
Olaf Scholz’s hostility to UniCredit’s swoop on Commerzbank is a sign that pan-European integration will remain elusive.
Volkswagen’s week from hell risks getting worse
The carmaker’s executives are locked in a stalemate with workers as the company’s future hangs in the balance.
Green jobs set to find home away from Europe, head of largest industrial union warns
While the EU Green Deal came with the promise of new jobs in green industries offsetting job losses elsewhere, these jobs are currently being created outside Europe, warned Judith Kirton-Darling, General Secretary of trade union IndustriAll Europe.
What Kamala Harris Should Learn From Richard Nixon
Try not to wreck the economy.
Shell to cut hundreds of jobs in oil and gas exploration operations
Reduction of about a fifth of workforce in two subdivisions part of plan to slash up to $3bn in costs by end of 2025Shell is to cut hundreds of jobs from its oil and gas exploration operation in the latest move by the chief executive, Wael Sawan, to sl…
AI could lead to massive job losses. Is basic income a possible answer?
Prominent figures working in AI are saying a basic income could be needed to weather massive job losses linked to the technology.
While politicians talk green jobs, carmaking regions seek to limit the damage
Europe’s car-producing regions know that decarbonisation will hit the traditional car industry hard and result in thousands of job losses. For them, the name of the game now is how to limit the damage, and how the EU can help.
EU to crack down on unpaid internships ‘exploiting despair of young people’
Proposal seeks to retain talent in Europe and end labour shortage – but criticised for not going far enoughThe EU is planning to clamp down on unpaid internships and “bogus” traineeships offered by unscrupulous employers with a new directive.The move, …
Want to accelerate climate action? Show people real-life benefits
Rather than leading with data and promoting health, safety and economic “co-benefits” as bonus add-ons, climate advocates need to flip the script.
Danish windfarm firm Ørsted to axe up to 800 jobs and pause dividend
Company developing world’s largest offshore windfarm in North Sea attempts to recover from turbulent yearBusiness live – latest updatesEurope live – latest updatesThe Danish company developing the world’s largest offshore windfarm in the North Sea is t…
Tata Steel to lay off 2,800 workers in major UK restructuring
Port Talbot steel plant to bear brunt of job losses as part of Indian owner’s transition to greener form of steelmaking
EU mulls ‘Industrial’ twin for Green Deal as election pressure bites
A business-friendly ‘Industrial Deal’ is gaining adherents as EU election approaches and anxiety over climate policy rises.
Czechs push for longer exemption from Russia steel sanctions
Russian steel maker NLMK is a key supplier to the Czech auto industry, which accounts for around 10 percent of the country’s GDP.
Truck manufacturing job losses will be absorbed by energy sector, finds study
While heavy-duty vehicle manufacturers will shed thousands of workers in the shift to zero-emission offerings, these job losses will be more than compensated through new positions in the growing energy and infrastructure sectors, a new study has found.
UK agrees £500mn deal to secure Port Talbot steelworks
Unions condemn agreement with Tata steel that could result in thousands of job losses
Rishi Sunak promised big on his AI summit. He’s running out of time to deliver
Despite the appointment of two special representatives on Thursday, the world’s ‘first major global summit on AI safety’ is still missing a date and an invite list.
‘Like horse trading’: Credit Suisse retail investors challenge UBS takeover
Fresh legal claim planned by group of almost 1,000 shareholders to rushed rescue in MarchUBS faces another legal challenge to its emergency takeover of Credit Suisse, as a group representing nearly 1,000 individual shareholders, including former employ…