Tag: job cuts

World

W’Bank warns of massive jobs crisis in developing countries

The World Bank Group has warned that developing economies face a looming employment crisis as millions of young people prepare to join the workforce without sufficient jobs to accommodate them. This mismatch threatens economic stability, increases migration pressures, and poses risks to global security. In a blog post on its official platform, the Washington-based institution […]

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Business

Nissan cuts 9,000 jobs, slashes sales forecast

Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle “a severe situation”. The company reported a 93 percent plunge in net profit in the first half as CEO Makoto Uchida told reporters that weak sales in the North American market […]