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Mercedes-Benz is cutting 10-15% of sales and finance jobs in China and plans to reduce costs for office-based roles by a quarter in the country by 2027, a person with direct knowledge of the matter said. The German luxury carmaker is cutting costs globally and warned last week that 2025 earnings would fall sharply from last year.
The rise in National Insurance Contributions – announced by finance minister Rachel Reeves last October to help pay for more public services and investment – takes effect on April 1. Firms told S&P Global that suppliers were putting up their prices ahead of the change.
Lynwood Bibbens has learned to lean on business partners and suppliers, rather than trying to put on a brave face. By Jason Feifer Jun 12, 2025 Share Copy This story appears in the May 2025 issue of Entrepreneur. Call your largest supplier," the professor had suggested. Then He Realized a Gamechanging Truth.
By Erin Davis Edited by Sherin Shibu Jun 11, 2025 Share Copy Whole Foods shoppers are experiencing empty shelves after a major distributor for the grocer was hit with a cyberattack last week. classList.add(overflow-hidden); } else { document.body.classList.remove(overflow-hidden); document.getElementsByTagName(html)[0].classList.remove(overflow-hidden);
By Alykhan Jetha Edited by Micah Zimmerman Jun 12, 2025 Share Copy Key Takeaways Your mindset as a leader directly shapes your team’s performance. Lynwood Bibbens has learned to lean on business partners and suppliers, rather than trying to put on a brave face. Burnout is real — find your own tools to stay grounded.
Manufacturers and suppliers are arguably challenged by lack of clarity, requirements for significant investment, combined with cost pressures in a heavily subscribed market. The key benefit is that the occupier’s risk of redundant products is retained by the supplier. But what are the priorities?
Boeing factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to new CEO Kelly Ortberg’s plan to shore up the finances of the struggling planemaker. It’s bad news for everybody — Boeing, labor, suppliers, customers, even the national economy.”
percent in the first quarter of 2025, the first retreat in eighteen months. GDP, lack the cash buffers of multinationals and have little bargaining power with suppliers. Those that hesitate will discover the real risk of 2025 lies not in the recession itself but in missing the chance to reinvent while their peers race ahead.
13 comes at a critical moment for the company, which last week announced a $24-billion share issue to shore up its finances after the strike halted production of its cash-cow 737 MAX jet. Boeing’s fourth offer since a strike started on Sept.
Volkswagen also plans to cut salaries at the brand by at least 10% and freeze pay in both 2025 and 2026, Cavallo said. Scholz and his Finance Minister Christian Lindner are both hosting separate business summits on Tuesday while Economy Minister Robert Habeck last week floated a major plan to stimulate investment. “I
We have the business for it,” he told Reuters, adding the firm had raised wages by 8% last year and plans another 10% hike in 2025 to attract talent. ” “This isn’t a problem of finances; it’s a human resources problem because the skills aren’t there,” he added. .”
By Sharon Miller Edited by Chelsea Brown Jun 27, 2025 Share Copy Key Takeaways Business leaders should analyze historical data and consult advisors to create a realistic budget and maximize profits during lucrative summer months. Reviewing past financial performance and consumer behavior also helps determine where to optimize operations.
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