Germany proposes cutting child maintenance advance for 16–17-year-olds, sparking expert backlash Germany’s plan to cut child maintenance advance for 16–17-year-olds alarms experts, who warn the change will increase poverty and …
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Business
Volkswagen Q2 profit falls 33% and announces plan to cut 50,000 jobs
by Leo Müllerby Leo MüllerVolkswagen profit falls 32.9% in Q2 to €1.54bn as China sales and deliveries slump Volkswagen posts 32.9% Q2 net profit drop to €1.54bn, deliveries fall in China and the group …
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Business
Porsche launches cost-cutting package to cut 5,000 jobs, extends guarantee to 2035
by Leo Müllerby Leo MüllerPorsche job cuts: Sportscar maker to cut 5,000 roles at Zuffenhausen and Weissach, raising total reductions to about 9,000 Porsche job cuts: Porsche will cut 5,000 roles at Zuffenhausen and …
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Business
Unterhaltsvorschuss Cut to 16 Would Harm Families, Judge Warns
by Leo Müllerby Leo MüllerUnderhaltsvorschuss debate intensifies as judge warns cuts could worsen costs and hardship German family court judge warns that cutting Unterhaltsvorschuss at 16 would harm families and may not save the …
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Politics
EU budget agreed at €192 billion as member states cut €8 billion
by Hans Ottoby Hans OttoEU budget 2027: Member States Back €192 Billion Plan, €8 Billion Less Than Commission EU member states agree on a provisional €192 billion EU budget for 2027, setting the stage …
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Business
Volkswagen reveals plan that could cut 50,000 jobs worldwide by 2030
by Leo Müllerby Leo MüllerVolkswagen job cuts could reach 50,000 as CEO signals broad cost reset Volkswagen job cuts: CEO Oliver Blume told staff that up to 50,000 additional roles could be eliminated by …
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Politics
German court suspends 4.5% fee cut for psychotherapists after KBV lawsuit
by Hans Ottoby Hans OttoCourt Suspends Controversial Psychotherapist Fee Cut After KBV Challenge A regional social court in Berlin-Brandenburg has paused the psychotherapist fee cut, halting immediate enforcement after a lawsuit by the Kassenärztliche …
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Business
Volkswagen unveils 2030 restructuring plan, could cut over 100,000 jobs
by Leo Müllerby Leo MüllerVolkswagen restructuring stalls as supervisory board delays decisions on plant closures and job cuts Volkswagen restructuring faces a pause after the supervisory board on Thursday, July 9, 2026, declined to …
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Business
Heat pump subsidies to be cut as Germany phases out climate bonus
by Leo Müllerby Leo MüllerGermany to cut heat pump subsidies as budget draft reduces caps and tightens rules Germany to cut heat pump subsidies: lower caps, local-content rules and a faster phase-out of the …
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Business
IG Metall mobilizes nationwide actions at Volkswagen over plans to cut 100,000 jobs
by Leo Müllerby Leo MüllerVolkswagen savings plans trigger nationwide IG Metall action day ahead of supervisory board meeting IG Metall has called a nationwide action day to protest Volkswagen savings plans, organizing demonstrations at …