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Volkswagen is embarking on one of the biggest transformations in its history, combining around 100,000 cumulative workforce reductions with a sharply smaller model portfolio as it battles rising competition, excess capacity and weak profitability.
Volkswagen CEO Oliver Blume is facing growing opposition from workers and unions as he pushes a sweeping restructuring plan that could eliminate up to 100,000 jobs and reduce costs across the German automaker.
Volkswagen CEO Oliver Blume has warned that the German automaker is facing a “more than critical” situation as it battles weak demand, overcapacity and growing competition from Chinese manufacturers. The company is considering major cost-cutting measures and job reductions, while plant closures remain under discussion.
HDFC Bank is considering an appeal against the NCLT’s approval of a repayment plan under which Essel Group founder Subhash Chandra would pay ₹6.25 crore against admitted creditor claims of about ₹22,000.57 crore.
The Mumbai Metropolitan Region Development Authority is planning two additional ring routes covering around 307 km, linking Mumbai with Thane, Navi Mumbai and surrounding suburbs through existing and upcoming infrastructure.
Rail infrastructure around Vadodara is set for a significant capacity expansion, with plans for third and fourth lines across nearly 259 km of the Vadodara-Ratlam route and doubling of the 33-km Vishwamitri-Dabhoi section.
Jaguar Land Rover plans to reduce its global workforce by around 4,000 roles while targeting £1.7 billion in savings, as the luxury automaker simplifies its operations and prepares five new products.
The Maharashtra Food and Drug Administration has announced a year-round food safety framework covering festivals across religions, with inspections, food testing and monitoring planned from January to December.
China has condemned the United States' planned expansion of sanctions against Iran and its trading partners, warning that Beijing will take necessary steps to protect its interests amid rising tensions between Washington and Tehran.
Oracle’s massive New Mexico data center development faces a six-month setback after a natural gas pipeline planned to supply the project was delayed, raising fresh questions over the timeline for its AI infrastructure expansion.
IDBI Bank's share price fell as much as 16.48% to an intraday low of ₹77.00 apiece on the BSE even as the benchmark S&P BSE Sensex remained largely flat.
India’s second-largest tractor manufacturer, TAFE, plans to invest up to ₹1,250 crore in a new north India manufacturing plant as the company expands capacity to meet rising domestic and export demand.
