AGP Executive Report
Last update: 8 hours agoAuto Jobs: Schaeffler plans to cut 3,460 jobs across Europe by 2028, with about three-quarters of the reductions and four site closures in Germany. The cuts add to BMW’s restructuring: the carmaker is accelerating job reductions, particularly in management, as it issues a second profit warning. Pay Disputes: German metalworkers are stepping up warning strikes over wages and job security, with reports of 38,000 workers joining the first wave. Hiring and Migration: Germany has introduced a fast-track process for recruiting skilled workers from abroad, with new steps and fees for employers. October unemployment rose by 4,000, less than forecast, while the rate stood at 6.3%.
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