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US private sector job growth slows in November
US private sector job growth slows in November
Economy
by  AFP

Hiring in the US private sector eased in November, as the post-pandemic boom in restaurant and hotel employment moderated, payroll firm ADP said Wednesday. "Restaurants and hotels were the biggest job creators during the post-pandemic recovery," ADP Chief Economist Nela Richardson said in a statement.

Volkswagen to reduce workforce as it chases profits
Volkswagen to reduce workforce as it chases profits
Economy
by  AFP

Volkswagen said Wednesday it would cut its workforce over the coming years as the German auto giant seeks to boost its profitability and reboot a faltering shift to electric cars. "Over the coming years, we will need to reduce our workforce in a socially responsible way," the group's human resources chief Gunnar Kilian said.