Amsterdam: Dutch health technology company Philips said on Monday it would scrap 6,000 jobs to restore its profitability following a recall of respiratory devices that knocked off 70 per cent of its market value. Half of the job cuts will be made this year, the company said, adding that the other half will be realised … Read more
U.S. factory output continued to grow in August, according to a pair of surveys released Tuesday, but the picture for employment was mixed, a possible sign of lingering uncertainty about the coronavirus pandemic among American manufacturers. Sluggish employment, if sustained, could pose a threat to the recovery just as the economy is starting to pick … Read more
PARIS—Young workers in France, who have suffered from chronically high unemployment for more than a decade, are now bearing the brunt of the economic fallout from the coronavirus pandemic. In France, it is less expensive to fire young people than older workers, who tend to have contracts with heftier job protections. Government furlough programs are … Read more
Karren Madere and Andrea Knebel are both victims of the Covid-19 recession. Ms. Madere was laid off in June from her job at a travel-management company, where she negotiated hotel-room rates for corporate clients. Ms. Knebel was sent home in April from her job as a business consultant at an auto-parts factory. Ms. Madere, 61 … Read more