Cost Cutting
Car manufacturer Mercedes has informed its roughly 90,000 tariff employees in Germany that the annual special payment due in July will not be made for now. The company plans instead to pay it in April 2027 or possibly cancel it. Further cost reductions are under review.
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MTV is discontinuing many of its remaining 24-hour music channels globally after December 31, 2025. The shutdown affects stations in countries including the UK, Australia, Poland, France, and Brazil. This move is part of cost-cutting efforts by parent company Paramount Skydance following a recent merger.
October 20, 2025 00:01