competitiveness

Volkswagen Reduces Employee Salaries to Keep Factories Open

4 months ago

Volkswagen, one of the world's largest automotive manufacturers, has implemented salary cuts for its employees in an effort to keep its factories open amid growing financial difficulties. This news has reverberated throughout the automotive industry, as such measures can significantly affect the overall labor market and employee morale.

Nissan's Serious Measures: 9,000 Jobs at Risk and Executive Pay Cuts

5 months ago

Automaker Nissan has announced plans to cut 9,000 jobs in response to the challenging economic climate the company is currently facing. The decision has been made as part of a strategy to optimize costs and ensure financial stability. The job cuts will primarily affect Nissan's production capacities around the world, with the highest number of layoffs expected in Japan and Europe.

Sweden Reduces Income Tax Rate for High Earners

7 months ago

The Swedish government has announced plans to lower the marginal tax rate on personal income for high earners. This decision is part of a new economic policy aimed at stimulating economic growth and enhancing the country’s attractiveness for skilled professionals.