Manufacturing

3 stories

Economy
Industry
Indorama to wind down Steinfort plant, putting about 100 Luxembourg jobs at risk
Indorama Ventures has told staff at its Steinfort tyre-cord factory it will end production and open a collective-redundancy procedure, threatening around 100 jobs in what unions call Luxembourg's largest industrial closure since TDK in 2007.
By Marc Weber3 days ago
Economy
European industry
Volkswagen weighs doubling its job cuts to 100,000 as Europe's car squeeze deepens
Volkswagen is reportedly planning to cut up to 100,000 jobs and close four German plants, doubling cuts announced in March and underscoring an industrial reckoning that stretches into Luxembourg's cross-border economy.
By Jonas Thill26 June 2026
Economy
European auto industry
Renault to cut 800 engineering jobs in France amid Chinese EV competition
Renault plans to cut roughly 800 engineering jobs in France by end-2027 via voluntary departures, part of a global engineering reduction of up to 2,400 as Chinese EV makers squeeze European carmakers.
By Marc Weber25 June 2026