In Europe today, U.K. budget airline EasyJet reported tumbling profits, while new-car registrations in the European Union rose in October. Read about the above topics on Dow Jones Newswires or WSJ.com.

 

In Other Media...

 

Former Chief Executive of SAP Bill McDermott is leaving the software giant earlier than anticipated. The manager, who is going to be joining IT company ServiceNow, was to continue his work as adviser until the end of the year, following his resignation as CEO in October. However, his contract has been terminated with immediate effect. The company said this happened in mutual agreement, not mentioning a reason. -Handelsblatt

 

German car maker Opel is reducing its workforce of 2,000 employees at a plant in the Polish city Gliwice by 800. The company has been producing its Opel Astra model at the site but is moving the production to Germany. While it will produce other vehicle types at the site in Poland, it will do so via a newly founded subsidiary that intends to employ only a fraction of the current employees and on the basis of new employment contracts with less favorable conditions. -Handelsblatt

 

The British government will pay for senior doctors' taxes in order to ensure hospitals are not understaffed over the busy winter period. The measure is a response to a pay structure that incentivized senior doctors to not work overtime. -The Times of London

 

The Volkswagen Group has been sued by its U.S. supplier Prevent Group for $750 million in damages. Prevent accuses the car maker of using unfair means to deter larger suppliers in the USA from taking over smaller companies. -Manager Magazin

 

Telefonica will convene its board next week for a deep strategic review. The company's board members will meet in Barcelona for two days, on Nov. 26 and 27, to review the strategy with the aim of reviving the stock. The board may discuss potential divestment and share buybacks. -El Confidencial

 

France loses EUR4.6 billion a year in taxes due to the tax-avoidance strategies of multinational companies, according to the French council of economic analysis. -Les Echos

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

November 19, 2019 07:56 ET (12:56 GMT)

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