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Search resuls for: "Works Council"


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☆ Ford job cuts plan triggers union threat of Europe-wide disruption
  + stars: | 2023-01-23 | by ( Victoria Waldersee Christina Amann | Victoria Waldersee | Christina Amann | ) www.reuters.com   time to read: +2 min
At a separate meeting between management and workers representatives, Ford said it was planning a reduction of 65% in development jobs and around 20% in administrative jobs in Europe, a spokesperson for IG Metall said. We will not hold back from measures that could seriously impact the company not just in Germany but Europe-wide," IG Metall said. Ford of Europe produces, sells and services Ford brand vehicles in 50 markets, employing around 45,000 people at its own facilities and consolidated joint ventures, according to its website. The U.S. carmaker has committed to selling exclusively electric passenger cars in Europe by 2030, and is planning three new electric passenger vehicles and four new electric commercial vehicles in Europe by 2024. Writing by Rachel More and Victoria Waldersee; editing by Matthias Williams and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
☆ Ford plans 3,200 job cuts in Europe as it moves some work to the US
  + stars: | 2023-01-23 | by ( ) edition.cnn.com   time to read: +2 min
Berlin Reuters —Ford plans to cut 3,200 jobs across Europe and move some product development work to the United States, Germany’s IG Metall union said on Monday, vowing action that would disrupt the carmaker across the continent if the cuts go ahead. Ford (F) wants to axe 2,500 jobs in product development and a further 700 in administrative roles, with German locations most affected, IG Metall said. Ford of Europe produces, sells and services Ford brand vehicles in 50 markets, employing around 45,000 people at its own facilities and consolidated joint ventures, according to its website. “If negotiations between the works council and management in coming weeks do not ensure the future of workers, we will join the process. We will not hold back from measures that could seriously impact the company not just in Germany but Europe-wide,” IG Metall said.
☆ Mercedes to double electric motor output at Untertuerkheim - WiWo
  + stars: | 2022-12-06 | by ( ) www.reuters.com   time to read: 1 min
BERLIN, Dec 6 (Reuters) - Mercedes-Benz (MBGn.DE) is to double production capacity for electric motors to 1 million units at its Untertuerkheim plant, which has traditionally focused on combustion engines, WirtschaftsWoche magazine reported on Tuesday. The German carmaker's management and works council struck an agreement on restructuring the site in southwestern Germany, which also foresees a 20% reduction in fixed costs by 2025 compared with 2019 and workforce cuts, the report said, citing company sources. Writing by Rachel More; Editing by Maria SheahanOur Standards: The Thomson Reuters Trust Principles.
☆ EDF says strike hits a third of French nuclear plants, delaying maintenance work
  + stars: | 2022-10-15 | by ( ) www.reuters.com   time to read: +1 min
Companies Electricite de France SA FollowPARIS, Oct 15 (Reuters) - Strike action over wage demands was hitting a third of EDF's 18 French nuclear plants as of Friday night, a spokesperson for the utility said, further delaying the maintenance of its reactors. "Six sites (were) affected by strikes as of last night," the spokesperson said on Saturday. This led to the postponement of the restart date of five reactors currently under maintenance by "one to several days", the spokesperson for EDF (EDF.PA) added. A representative for France's FNME trade union said on Friday that maintenance work at nine nuclear reactors split between five sites had been delayed due to a strike over wages. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mathieu Rosemain; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
☆ Germany to buy Fortum's Uniper stake, inject 8 billion euros
  + stars: | 2022-09-20 | by ( Markus Wacket Tom Käckenhoff | Markus Wacket | Tom Käckenhoff | ) www.reuters.com   time to read: +1 min
The logo of the energy company Fortum headquarters a subsidiary of Uniper is pictured in Espoo, Finland July 22, 2022. Roni Rekomaa/Lehtikuva/via REUTERSRegister now for FREE unlimited access to Reuters.com RegisterCompanies Fortum Oyj FollowUniper SE FollowBERLIN/DUESSELDORF, Sept 20 (Reuters) - Germany is set to buy Fortum's (FORTUM.HE) stake in Uniper (UN01.DE) and inject a further 8 billion euros ($8 billion) as part of a nationalisation of the gas importer, Uniper said on Tuesday. The capital injection, which would come via a capital increase subscribed only by Germany's government, would bring the total package of loans and equity used to stabilise Uniper so far to at least 29 billion euros. Register now for FREE unlimited access to Reuters.com RegisterFortum, which owns a 78% stake in Uniper, said that the deal will include the "return of the financing Fortum granted to Uniper" which the Finnish group has put at 8 billion euros. ($1 = 1.0019 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Markus Wacket and Riham Alkousaa in Berlin, Tom Kaeckenhoff in Duesseldorf and Christoph Steitz in Frankfurt, editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.
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