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Volkswagen plans to cut 50,000 jobs amid dire need to reduce costs
Volkswagen said on Thursday that it would go forward with the most sweeping restructuring in its 89-year history, cutting about 50,000 additional jobs in the face of surging Chinese competition, high energy prices and a costly transition to electric vehicles. “This is a strong signal for the future of the Volkswagen Group,” Oliver Blume, the German automotive giant’s chief executive, said in a statement. The decision, announced after a meeting of Volkswagen’s supervisory board, followed a tense standoff with unions representing its work force, which numbers more than 650,000 worldwide. But labor leaders backed the plan on Thursday. “In this crisis situation, we fought hard for good solutions,” Christiane Benner, an official with the IG Metall union, said in the
Sin correa y sin bozal
Raúl Ruiz __________________________ No puede uno soltar tantito a CJTOWN, porque se convierte nuevamente en Ciudad Caótica. Entre los chicotazos del clima, los agujeros que se producen con la lluvia y la inseguridad vial, los
Banks are becoming bulwarks for vulnerable seniors
The first call came just before Thanksgiving last year. She didn’t recognize the phone number, but she answered anyway. “The person said he was an
Four things you didn’t know about the plummeting U.S. Birthrate
The American birthrate has fallen to its lowest rate in history. This has caused consternation in the political class: A falling rate can eventually lead
More than half of teens use chatbots for schoolwork, survey finds
More than half of teenagers in the United States use artificial intelligence tools for help with their schoolwork, according to a new study from the
Netflix backs out of bid for Warner Bros., paving way for an Ellison takeover
Netflix said on Thursday that it had backed away from its deal to acquire Warner Bros. Discovery, a stunning development that paves the way for
For America’s 250th year, a time capsule to stay buried for 250 more
Planners and politicians may be scrambling to prepare for the 250th anniversary of American independence in July. But already, some people have their eyes a
Nvidia’s quarterly profit hits $43 billion on strong A.I. Chip sales
Nvidia’s profit for the last 12 months hit $120 billion, the chip giant said on Wednesday, providing ample evidence that it is cashing in on
Super-Agers’ brains have a special ability, new study suggests
Many people’s brains deteriorate as they age, becoming riddled with malfunctioning proteins that result in cell death and the loss of memory and cognition. But
Racing to catch up with Nvidia, AMD signs chips-for-stock deal with Meta
In recent months, Advanced Micro Devices has turned to a novel strategy in its race catch up to Nvidia in the lucrative world of selling
Paramount raises its bid for Warner Bros. Discovery
Warner Bros. Discovery said Tuesday that a revised bid from Paramount, valuing the company at $31 a share, could reasonably be expected to lead to
A.I. Is giving you a personalized internet, but you have no say in it
Early in the new year, when millions of people logged into Google Mail, they were confronted with a tool they hadn’t signed up for. Gemini,
It’s time to rethink the standard investment advice. But not too much
Dubious records are being set in financial markets. You will have to decide whether you can afford to ignore them. Gold and silver prices are
What alcohol does to the body
Dry January has come and gone, but Americans’ relationship with drinking is undergoing a more lasting change. According to one recent poll, just 54 percent
