Because of its size, the drugmaker has an outsize effect on the country. Now, as it sheds jobs, forecasts for Denmark’s growth are falling, too.
Category: Layoffs and Job Reductions
Ford to Cut 1,000 Jobs in Germany as E.V. Sales Slow
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Shawn Fain, Who Pledged to Reform U.A.W., Faces Internal Dissent
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Ford to Cut 1,000 Jobs in Germany as E.V. Sales Slow
The automaker said the reductions at its factory in Cologne come on top of 4,000 job cuts across Europe that were announced last year.
Ozempic Maker Novo Nordisk to Cut 9,000 Jobs
The Danish drugmaker said it needed to streamline operations and become more agile, as it faces a more competitive and consumer-focused market.
The Real Reason Americans Worry About Trade
Behind the pushback to global trade is a deep economic anxiety that a meager social safety net has caused in the United States.
State Dept. Layoffs Hit Russia and Ukraine Analysts
A former senior U.S. official said it was “shortsighted” to consolidate the department’s well-respected intelligence arm.
Can Indonesia Afford Prabowo’s Free School Lunch Program?
Indonesia’s president promised free meals for every student in the country. But unemployment is rising, and some analysts say he’s making matters worse.
U.S. Oil Companies Are ‘Battening Down the Hatches’
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand.
In South Korea, Desperate Workers Take Their Grievances Into the Sky
The plight of temporary workers like Kim Hyoung-su, who’s been protesting for months at the top of a tower, has become an issue in Tuesday’s presidential election.
China’s Soft Spot in Trade War With Trump: Risk of Huge Job Loss
A chronic housing slowdown and high youth unemployment rate have made China more vulnerable than it was in President Trump’s first term.
Top Priority for Pope Leo: Warn the World of the A.I. Threat
While it is far too early to say how he will use his platform to address such issues, his focus shows he is a church leader who grasps the gravity of this modern concern.
Burberry to Cut Up to 1,700 Jobs in Turnaround Push
The British fashion house, which reported poor annual sales in a precarious time for the global luxury industry, is looking to save 60 million pounds in cost-cutting efforts.
Panasonic to Cut 10,000 Jobs in Major Overhaul
The Japanese technology conglomerate plans to shed underperforming businesses and shift its focus to new areas of growth.
How Trump’s Closing a Tariff Loophole Will Hurt UPS and FedEx
President Trump has ended a tariff loophole that generated lots of business for delivery companies shipping inexpensive goods from China to the U.S.
UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
The move comes as President Trump’s tariffs are reducing shipping volumes and is in addition to 12,000 job cuts last year.
