Volkswagen confirms 100,000 job cuts by 2030 in sweeping restructuring
Volkswagen has announced plans to cut 100,000 jobs by the end of the decade as part of a major restructuring of its business. The German carmaker said the move comes amid pressure from US tariffs and intense competition from Chinese rivals. It also said the number of models it produces will be reduced by half, while up to four plants in Germany could face closure.The company said management and unions had agreed to the plan, which includes a further reduction of about 50,000 jobs by 2030 on top of 50,000 already agreed. Volkswagen said the supervisory board had unanimously approved... [Continue Reading]
360LiveNews | 03 Sep 2026 23:29 LONDON
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Zambia's Hakainde Hichilema sworn in for second term amid disputed election and arrests
President Hakainde Hichilema has been sworn in for a second term in Zambia after winning last month's election, even as his main rival remained in detention on treason charges and opposition figures faced arrests. The inauguration took place at National Heroes Stadium in the capital, Lusaka, on Tuesday. The ceremony came against a backdrop of persistent allegations of vote rigging and a sharp political dispute over the result.Hichilema was re-elected after securing 60% of the vote, according to the figures cited in the supporting material. His challenger, Brian Mundubile, received 38% and has alleged that the election was rigged. Mundubile... [Continue Reading]
360LiveNews | 01 Sep 2026 21:02 LONDON
Gaza ceasefire under renewed strain as envoy warns of collapse
Nicolay Mladenov, the high representative for the Board of Peace, has warned that the Gaza ceasefire could collapse if both sides fail to follow the agreed roadmap. In an interview, he said there was no better alternative to the current plan and that a return to war would be devastating. His warning came as Israeli raids and attacks continued in the Gaza Strip, keeping pressure on the fragile truce.Mladenov said the Board of Peace has now determined the mechanism for deploying the International Stabilization Force and identified its deployment locations in Gaza. He said Morocco has agreed to take part,... [Continue Reading]
360LiveNews | 28 Aug 2026 19:02 LONDON
