The company, which has struggled with slowing sales, said it was cutting salaried workers to reduce bureaucracy and speed up decision making. Source: NYT > Business – NEAL E. BOUDETTE
Britain’s big squeeze: ‘This Is All We Can Afford’: Shrinking Lives in the English Countryside
In Cumbria, a bucolic landscape masks growing poverty and isolation. As bus lines are cut and services dry up under austerity, older people are feeling new constraints. Source: NYT > Business – CEYLAN YEGINSU and LAETITIA VANCON
They Were Promised Coding Jobs in Appalachia. Now They Say It Was a Fraud.
Mined Minds came into West Virginia espousing a certain dogma, fostered in the world of start-ups and TED Talks. Students found an erratic operation. Source: NYT > Business – CAMPBELL ROBERTSON
G.M. Says It Will Sell Lordstown Factory to Workhorse, a Maker of Electric Vehicles
General Motors, which stopped production at the plant recently, confirmed a statement by President Trump that it was selling the factory and investing elsewhere in Ohio. Source: NYT > Business – NEAL E. BOUDETTE
Six Years Ago, He Helped Expose VW’s Diesel Fraud. This Year, G.M. Let Him Go.
Hemanth Kappanna’s research helped plunge Volkswagen into a scandal that continues to plague it. In February, he got two months’ pay and a one-way ticket to India. Source: NYT > Business – JACK EWING
China Dispatch: For Chinese Raised in Prosperity, Shrugs in the Face of Layoffs
Few cities in China have had as grim a history over the past century as Chongqing. Now the enormous city is prospering, but faces a wave of pink slips at factories. Source: NYT > Business – KEITH BRADSHER