Germany’s Siemens announced plans to cut over 6,000 jobs worldwide, with approximately half of the reductions taking place in its home market. This organizational shift aims to enhance efficiency and respond to evolving market demands amid economic challenges.
Ford has announced a significant €4.4 billion investment to support its struggling German subsidiary. This financial injection aims to address ongoing challenges and revitalize operations in a key European market amid a competitive automotive landscape.
Japan’s Seven & i Holdings has announced a major restructuring plan and the appointment of a new CEO as it aims to counter a $47 billion takeover bid. The move reflects the company’s strategy to enhance competitiveness in a challenging retail landscape.
