Business

U.S. employers announced more job cuts in June

U.S. employers announced an additional 170,219 job cuts in June as the recession caused by the COVID-19 depresses demand and pushes companies into bankruptcy, a report showed on Wednesday. Though the layoffs reported by global outplacement firm Challenger, Gray & Christmas were down 57% from May, they jumped 306% compared to June last year. The […]

Business

Strong bookings boost Ryanair’s hopes of return to normal

Ryanair reported “very strong” bookings from holidaymakers as it relaunched its network with 1,000 flights on Wednesday, the start of a summer that Group Chief Executive Michael O’Leary hopes will restore Europe’s confidence in air travel. Europe’s largest low-cost carrier has been flying a skeleton service since the COVID-19 pandemic closed down much of Europe […]

Business

Potential Ryanair job cuts remain at 3,000: spokeswoman

Ryanair (RYA.I) is still planning around 3,000 additional job losses if it cannot agree pay cuts with pilots and cabin crew, a spokeswoman for the airline said on Wednesday. Group Chief Executive Michael O’Leary earlier told the BBC that the airline had announced about 3,500 job losses, but the spokeswoman later clarified that Ryanair’s plans […]

Business

India asks telcos, internet firms to block banned Chinese apps, ByteDance to hold talks

India has ordered telecom companies and other internet providers to stop access to 59 banned Chinese-origin apps, intensifying efforts to crack down on such businesses following a border clash between the nations. The Department of Telecommunications (DOT) said internet operators should “immediately block” access to such apps and their websites, warning of legal action if […]

Business

EasyJet to cut jobs in Berlin, scrap German domestic flights

British low cost carrier easyJet (EZJ.L) plans to cut jobs and the number of aircraft it has in Berlin and is proposing scrapping domestic German flights as part of its retrenchment over COVID-19, a German union and source familiar with the plan said. Airlines around Europe have set out plans to cut tens of thousands […]

Business

German authorities search Continental, VW as part of diesel probe

German prosecutors have extended their diesel emissions probe to include auto supplier Continental (CONG.DE) for its role in supplying engine components, searching the company’s offices and those of automaker Volkswagen, the companies said on Wednesday. Prosecutors in Hanover, Germany conducted the searches as part of an investigation into how a 1.6 litre diesel engine came […]

Business

Spain working with Airbus to keep jobs in wake of restructuring

Spain is working with Airbus (AIR.PA) to find ways for the airplane maker to keep jobs in the country, Prime Minister Pedro Sanchez said on Wednesday, a day after it announced many layoffs as part of a global restructuring. Speaking to reporters after the reopening of Spain’s border with Portugal, Sanchez highlighted the country’s role […]