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On October 23, it was reported that the State Administration for Market Regulation has comprehensively upgraded the CCC certification implementation rules this year. The new CCC certification rules for electric bicycles, toys, and childrens vehicles will take effect on November 1. The new CCC certification rules for electric bicycles require strict adherence to the "one vehicle, one battery, one charger, one code" principle. Manufacturers must ensure that all necessary components are included with each vehicle leaving the factory. Each vehicle must be accompanied by a certificate of conformity, the contents of which must fully match the vehicle registration requirements. After the type test is completed, a complete vehicle sample must be retained for at least 12 months after the certificate expires. Post-certification follow-up inspections, on-site sampling and testing at production sites or ports, and market sampling will be implemented to effectively strengthen post-certification supervision of electric bicycles.The French trade minister has requested the United States to grant tariff exemptions for Cognac and Champagne.The Eurozones composite PMI output index preliminary reading for October was 51.9, a four-month low; the services PMI business activity index preliminary reading was 51.7, a two-month low; the manufacturing output index preliminary reading was 52.4, a four-month low; and the manufacturing PMI preliminary reading was 52.4, a three-month low.The European Central Banks 3-year CPI forecast for the Eurozone in September is 2.9%, compared to a previous reading of 2.90%.The European Central Banks 1-year CPI forecast for the Eurozone in September is 3.1%, down from the previous forecast of 3.10% and the previous reading of 3.00%.

The convenience store corporation 7-Eleven has laid off around 880 U.S. employees

Aria Thomas

Jul 22, 2022 11:17

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According to a business official, 7-Eleven has cut around 880 corporate roles in the United States as the company finalizes its organizational structure.


The retail chain, owned by the Japanese retailer Seven & I Holdings Co, terminated employees at its support centers and field service operations in Irving, Texas and Enon, Ohio, according to an email forwarded to Reuters by a spokesman.


7-Eleven joins a growing list of U.S.-based companies that have recently laid off employees in reaction to the nation's rising inflationary pressure.


"A little over a year after the $21 billion Speedway acquisition, we have made significant progress in our integration process. As with every merger, our method entails examining the combined companies' structures "Representative stated:


Seven & I Holdings has agreed to pay $21 billion in 2020 to acquire the Speedway gas stations from Marathon Petroleum Corporation (NYSE:MPC). The purchase raised the number of 7-Eleven locations in North America to almost 14,000.


ValueAct Capital, a U.S. activist investor, purchased a $1.53 billion interest in Seven & I Businesses in 2017 and has been urging the company to execute structural reforms and sell its 7-Eleven holdings.


Seven & I Holdings said in April that it will reorganize its board to accelerate its worldwide growth.


The first day that CNBC reported the layoffs was Thursday.

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