Commerzbank aims for major job cuts, branch closures

British bank Virgin Money said on Tuesday that it will halt until further notice the planned closure of 52 branches and 500 job losses, as it grapples with the fallout from the coronavirus outbreak......»»

European labor unions have called on Peugeot owner PSA and Fiat Chrysler to avoid job cuts and factory closures as the two major carmakers prepare to tie the knot, underscoring worries about the $50 billion deal as the regional economy falters......»»

German lender Commerzbank is considering closing some bank branches as it figures out a way forward after its talks to merge with rival Deutsche Bank collapsed earlier this year, people familiar with the matter said on Wednesday......»»

 is preparing to start cutting hundreds of jobs in its global equity division, the first major cuts in a broader restructuring after a potential merger with Commerzbank AG collapsed. The German... To view the full story, click the title link......»»

Shutterstock Israeli company Aleph Farms aims to make cuts of environmentally-friendly meat that resemble the real thing using animal cells. Aleph was co-founded by a major research institute and an incubator called The Kitch.....»»

Ford is launching an overhaul of its European business that is expected to include thousands of job cuts, plant closures and the scrapping of low-profit models amid a storm of bad news for global car makers......»»

After reaching a final investment decision for the first phase of Rio Grande LNG last year, NextDecade is already eyeing the next segment......»»

Programs facing the ax include criminal justice, economics, environmental science, physics and sociology. Roughly 13% of faculty would be cut under the proposal......»»

Reperio is is a biometric testing and management company that aims to make it easier for people to monitor their health before a major medical condition develops......»»

Companies have continued to cut jobs in 2024 after a wave of layoffs last year. Amazon, IBM, Google, UPS and Tesla are among those shedding staff. Elon Musk informed Tesla employees that the company would be making cuts overni.....»»

Denver Cuts Taxpayer Services, Diverts $90 Million To Support Illegal Immigrants Authored by Jana J. Pruet via The Epoch Times (emphasis ours), Denver Mayor Mike Johnston announced a major shift Wednesday in the city’s response to the ill.....»»

Charlotte remains an important growth market for Pinnacle Financial Partners as the bank adds office space and employees in North Carolina, while planning its second Atlanta branch......»»

OwlTing, a Taiwan-based startup engaged in blockchain applications, aims to increase business by 50-100 times from the current level in 5-7 years, with new FinTech services to be the major driving force, according to company founder and CEO Darren Wang......»»

Following a year of faster travel times due to COVID-19-related closures, Chicago area drivers can expect to run into more delays this year, thanks to traffic increasing .....»»

It aims to flood federal money into childcare and education to make the lives of families easier. It would also extend mo.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Unlike many of its big bank competitors, the New Jersey bank had not proceeded with mass branch closures until now......»»

Unlike many of its big bank competitors, the Cherry Hill-based bank had not proceeded with mass branch closures until now......»»

Samsung Electronics may initiate price cuts on its NAND flash chips as early as the end of the first quarter of 2021, which may trigger a price war among major NAND flash chipmakers, according to industry sources......»»

As it moves forward with a major merger with CIT Bank, North Carolina-based First Citizens Bank is expanding its nationwide branch network, including with an additional location in the Austin suburbs......»»