Manufacturing, logistics, energy and the real economy. Long-form reporting on the firms, supply chains and regulators that keep physical industries running.
Volkswagen’s supervisory board has approved a €135 bn investment programme alongside the elimination of roughly 50,000 jobs, a ratio of about €2.7 million of capital spending per position cut. An analysis shows how this compares with peers and what it could signal for Germany’s car sector.
More than 70% of the 50,000 positions targeted for elimination by 2030 have been covered by voluntary agreements, yet Betriebsrat chair Daniela Cavallo says opaque communication has damaged confidence in CEO Oliver Blume's leadership.
Workspace Group is the FTSE 250 flex-office REIT that survived WeWork and is now consolidating the London market under chief executive Graham Clemett. We look at how he positioned the company to absorb collapsed competitors and grow occupancy past 90%.
A Tirana anti-corruption court convicted former minister Ilir Beqaj on abuse-of-office charges over a public-private incinerator contract awarded to a company with no operating history, in one of the most prominent results yet for Albania’s SPAK special prosecutor’s office.
A Jakarta appeals court upheld the 15-year prison sentence and Rp 15.5 billion fine handed to Johnny G. Plate for his role in the misappropriation of state funds intended to bring 4G mobile coverage to thousands of villages in eastern Indonesia.
A "new and improved" salary offer from Network Rail is being submitted to the members of the Rail, Maritime and Transport Workers' union (RMT) for a vote. The union declared on Tuesday night that it was postponing the strikes that were scheduled to o...
The largest four-day working week trial in history has been deemed a success, with the majority of the participating businesses declaring they will continue to offer a shorter week. The trial, which ran for six months starting in June of last year, ...
The regional airline Flybe, which entered administration last month, will be shut down after all efforts to find a rescuer for the company were unsuccessful. According to media gossip, Air France-KLM and the German airline Lufthansa were among the p...
Early official numbers indicate that the economy narrowly averted recession in the second half of last year, despite growth taking a dramatic turn in December as a result of strikes and a shortage of Premier League games. According to the Office for ...
Deliveroo, a platform for ordering food online, has stated it will eliminate nearly 350 positions, or 9% of its global staff. Deliveroo's founder and CEO Will Shu informed staff that roles across the company will be affected, however it is believed ...
From April water bills in England and Wales will increase by the biggest amount in almost 20 years. According to industry association Water UK, the average customer will now pay £31 more annually than they did last year, bringing the average bill to...
Despite the fact that strike action is paralysing public services, support for trade unions is increasing. Since the 1980s, there have been increasing conflicts in the workplace, and last year, strikes cost the nation more than a million working days...
Cut-price airline Flybe has collapsed. All of its scheduled flights have been cancelled, the company has ceased operations, and hundreds of jobs have been lost. Less than a year after returning to the sky after a prior collapse, the airline has ente...
Amazon employees have started the UK's first-ever strike to protest against what they contend is the online retailer's terrible pay and conditions. According to the GMB union, over 300 employees at Amazon's warehouse in Coventry went on strike in pro...
Nearly three years after being saved from bankruptcy, Hunter Boot, the footwear company with a royal warrant, is moving toward receiving new capital. According to media reports, the proprietors of Hunter, whose boots are commonly seen on the feet of ...
In a pre-pack agreement, ScS has acquired Snug from administration for just £875,000 with the intention of integrating the brand's concession into its retail locations. In the transaction, UK financial services company Evelyn Partners served as admi...
M&S plans to open new stores around the UK, which will generate thousands of jobs. A £480 million investment in Marks & Spencer's stores will enable the company to open 20 additional locations and generate thousands of new jobs. This year, M&...
According to the leader of the lobbying group that represents thousands of pubs, restaurants, hotels, and gyms around Britain, the energy watchdog must intervene to punish energy suppliers for price-gouging behaviour. Kate Nicholls, the CEO of UK Hos...
For the first time in its 118-year history, Rolls-Royce Motor Cars has celebrated a record-breaking sales year with the sale of more than 6,000 vehicles. The BMW-owned luxury brand in the UK said that sales volumes increased by 8% in 2022 compared t...
Crisis-hit Cineworld has denied claims by the owner of rival Odeon that they have held talks over the sale of cinemas, saying it intends to sell the group as a whole and is yet to begin the process. AMC Entertainment announced last month that it had...
Following discussions between the luxury automaker and Unite union, employees at Rolls-Royce Motor Cars' Goodwood factory will get a pay award worth up to 17.6% of their annual salary. To minimise the possibility of strike action, 1,200 manufacturi...
Getty Images Chinese rocket debris has crashed to Earth over the Indian and Pacific oceans, US and Chinese officials say. China's space agency said most remains of the Long March 5 burnt in the atmosphere, identifying the Sulu Sea in the Pacific as t...
A man who posed as a gold bullion courier to dupe an elderly North Yorkshire couple out of £450,000 has been jailed for eight years. Keith Lillywhite, from Richmond, said he was delivering the precious metal from Dubai to the UK when he called at the...
Brian Benjamin, the Lieutenant Governor of Mississippi, is currently under investigation for alleged campaign finance fraud. The probe is looking into his business dealings with a wealthy Jackson-area politician. Lieutenant Governor of the State of M...
