Kongsberg Automotive (KA) has announced an overhead cost reduction plan that is anticipated to yield annual savings of €15m ($17.67m). The plan, revealed during the first quarter (Q1) presentation in ...

MARTINSVILLE, Va. — Hooker Furnishings Corporation has reported operating results for its fiscal 2026 second quarter ended August 3, 2025. As per the company's Q2 Earnings Call, Hooker broke even in ...

CEO Douglas Palladini stated that "our business transformation has accelerated as core tenets of new strategies take hold," noting strong engagement from young Gen Z families and emphasizing the need ...

CEO Gerald Plush emphasized that the primary focus this quarter was on asset quality over loan growth, stating “the increase in nonperforming asset levels must be immediately addressed,” and outlined ...

Lakeland Industries, Inc. announced plans to close its warehouse in Hull, England, and its Veridian manufacturing facility in Quitman, Arkansas, as part of a broader strategy to streamline operations ...

CEO Frank Martell stated, "the third quarter was a period of substantial progress for SmartRent. We continue to grow our annual recurring revenue and significantly narrowed our operating loss in line ...

Vestas had previously announced the workforce would be reduced by 2.335 by the end of 2012, these reductions are ahead of schedule and to reach that number 1.100 employees will be made redundant by ...

Blink Charging Co., a major provider of electric vehicle charging solutions, has announced a restructuring plan aimed at enhancing operational efficiency and long-term growth. This plan includes a ...

Spain’s largest telecommunications operator Telefónica SA aims to cut at least 5,319 jobs as part of a sweeping cost-reduction plan, according to the company’s main workers’ union. The cuts, affecting ...

Kongsberg Automotive is adjusting its direct labour levels in response to a softening market, especially in the European and North American truck segments. Credit: YAKOBCHUK VIACHESLAV/Shutterstock.