Culture
German auto supplier ZF Group to cut 7,600 jobs in powertrain unit by 2030
The move is part of a broader plan announced by the company last year to eliminate up to 14,000 positions ZF Friedrichshafen will cut…
Tag
Supplier
Business
Hamburg airport facing delays due to bottleneck at fuel supplier
Flight travellers to Germany's Hamburg should brace for delays and cancellations as the airport faces a shortage in kerosene, it said on…
Culture
China’s InnoScience rises 31% after named as Nvidia supplier
Chinese chipmaker InnoScience Suzhou Technology Holding closed up 31 per cent in Hong Kong on Friday (Aug 1) after it was identified by…
Culture
Nvidia supplier SK Hynix Q2 profit rises 69%, meets forecasts
South Korea’s SK Hynix posted on Thursday a record quarterly profit, driven by strong demand for advanced chips used in generative…
Culture
Apple supplier Lens Technology said to price HK$4.8 billion Hong Kong listing at top of range
The company joins the growing wave of China-listed companies seeking to go public in the city Apple supplier Lens Technology has raised…
Culture
Apple supplier Lens Technology seeks up to HK$4.8 billion in Hong Kong listing
The Shenzhen-listed company expects the shares to start trading in Hong Kong on Jul 9 Lens Technology, a supplier to Apple, is seeking to…
Culture
Chinese carmakers vow to make timely supplier payments as backlash to price war grows
Major Chinese car manufacturers have pledged to make payments to suppliers within 60 days, responding to a recent outcry from steelmakers…
Culture
Toyota chairman proposes record buyout of its supplier at US$42 billion valuation
Toyota Motor chairman Akio Toyoda has proposed a buyout of supplier Toyota Industries, people familiar with the matter said, seeking to…
Culture
US Bitcoin miners disrupted by Chinese supplier under scrutiny
CRYPTO miners in the US are experiencing delays receiving deliveries of new equipment, threatening their competitiveness and profit…
Culture
Tesla supplier Panasonic to cut costs to support shift into AI
PANASONIC Holdings is considering an overhaul of personnel and trimming underperforming businesses to lower fixed costs, part of a shift…
Business
UK gas reserves 'concerningly low': Biggest supplier
Britain's biggest gas supplier said Friday UK storage levels are "concerningly low" owing to high demand caused by freezing weather and…
Fashion
iPhone supplier TDK rolls out new batteries to keep pace with AI
TDK, one of the main suppliers of batteries for Apple’s iPhones, will this year roll out an improved version of its most advanced product…
Fashion
Nvidia supplier Ibiden weighs faster expansion to meet AI demand
IBIDEN, the dominant supplier of chip package substrates used in Nvidia’s cutting-edge semiconductors, may need to dial up the pace of…
Culture
Car parts supplier company Valeo to cut around 1,000 jobs in Europe: sources
FRENCH car parts supplier Valeo will cut around 1,000 jobs in Europe, sources said, and the restructuring move will also result in Valeo…
Business
Australia introduces bill to fine supermarkets for supplier misconduct
Australia has introduced a bill that could impose hefty fines on large supermarket chains failing to comply with a new industry code of…
Business
Brazil minister says supports meat supplier 'boycott' of Carrefour
Brazil's agriculture minister on Monday threw his support behind national meat suppliers that have halted deliveries to Carrefour…
Business
Car supplier Bosch to cut working hours for employees in Germany
German automotive supplier Bosch logo is pictured on a plant of the industrial group in Schwaebisch Gmuend. Bernd Weißbrod/dpa In addition…
Business
German car supplier Bosch to slash 5,500 jobs, two-thirds in Germany
German automotive supplier Bosch logo is pictured on a plant of the industrial group in Schwaebisch Gmuend. Bernd Weißbrod/dpa German…
Culture
German auto supplier Bosch to reduce hours for 450 employees due to tough economy
GERMAN auto parts supplier Robert Bosch will reduce the hours, and consequently the pay, of 450 employees in Germany from next spring,…