Companies

Migros Sells Melectronics to Mediamarkt, Cuts 515 Jobs in Switzerland
June 18, 2024
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Migros Sells Melectronics to Mediamarkt, Cuts 515 Jobs in Switzerland

Swiss retail giant Migros is undergoing a major restructuring, selling its electronics retailer Melectronics to Mediamarkt and cutting 515 jobs across its various divisions.

Lidl's Goal: 100 New Stores in Sweden
June 18, 2024
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Lidl's Goal: 100 New Stores in Sweden

Lidl has announced an ambitious plan to open 100 new stores in Sweden, aiming to strengthen its presence in the Nordic region and offer Swedish consumers a wider range of affordable products.

Ford to Cut More Jobs in Europe Amidst Restructuring Efforts
June 18, 2024
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Ford to Cut More Jobs in Europe Amidst Restructuring Efforts

Ford is planning another round of job cuts at its European locations, including its Cologne plant, as part of its ongoing restructuring efforts to become leaner and more efficient.

Polestar Plans Expansion into Seven New Markets by 2025
June 18, 2024
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Polestar Plans Expansion into Seven New Markets by 2025

Swedish electric vehicle (EV) manufacturer Polestar announced plans to expand into seven new markets next year, aiming to attract more customers and boost sales. The company will enter France, Czech Republic, Slovakia, Hungary, Poland, Thailand, and Brazil in 2025.

FAA Probes Counterfeit Titanium in Boeing and Airbus Jets
June 14, 2024
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FAA Probes Counterfeit Titanium in Boeing and Airbus Jets

The US Federal Aviation Administration (FAA) is investigating the use of counterfeit titanium in Boeing and Airbus jets, following the discovery of corrosion-related holes in parts by a supplier.

JLR Invests £1 Million to Combat Range Rover Thefts in the UK
June 14, 2024
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JLR Invests £1 Million to Combat Range Rover Thefts in the UK

Jaguar Land Rover (JLR) is investing over £1 million to aid UK police in combating vehicle theft, addressing concerns about rising insurance costs and the reputation of Range Rovers being a prime target for thieves.

FedEx to Cut 2,000 Jobs in Europe Amid Cost-Cutting Measures
June 13, 2024
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FedEx to Cut 2,000 Jobs in Europe Amid Cost-Cutting Measures

FedEx plans to lay off up to 2,000 employees in Europe over the next 18 months to reduce costs as demand for delivery services declines post-pandemic.

SNCF to Launch High-Speed Train Services in Italy by 2026
June 13, 2024
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SNCF to Launch High-Speed Train Services in Italy by 2026

SNCF plans to introduce 13 daily round trips in Italy by 2026, aiming for a 15% share of the Italian high-speed train market, currently dominated by Trenitalia and Italo.

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