Germany Weighs Subsidy Cuts to Fund Income Tax Reform, Working Group Reportedly Targets €5 Billion Germany weighs subsidy cuts to fund an income tax reform; a Federal Finance Ministry working …
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Business
UniCredit takeover bid sparks Wiesbaden protests over potential 23,000 job cuts
by Leo Müllerby Leo MüllerUniCredit takeover of Commerzbank sparks protests as employee cuts loom Commerzbank shareholders met in Wiesbaden amid protests over the proposed UniCredit takeover of Commerzbank, with staff warning the deal could …
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Business
KUKA after a decade under Midea prompts job cuts and industry shifts
by Leo Müllerby Leo MüllerKUKA takeover turns ten: Augsburg plant weathers job cuts as innovation shifts toward China Ten years after the KUKA takeover by China’s Midea, Augsburg’s robotics leader faces job cuts, a …
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Business
Commerzbank announces 3,000 job cuts via AI to fend off UniCredit takeover
by Leo Müllerby Leo MüllerCommerzbank job cuts: bank to reduce about 3,000 roles, cites AI-driven savings while resisting UniCredit takeover Commerzbank job cuts: Bank plans roughly 3,000 role reductions using AI and cuts to …
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Business
BioNTech confirms 1,860 job cuts and factory closures to refocus on oncology
by Leo Müllerby Leo MüllerBioNTech layoffs: 1,860 roles cut as founders defend closures and shareholders back capital moves BioNTech layoffs: 1,860 jobs to be cut and production sites closed through 2027 as founders step …
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Business
Doctors at 130th German Medical Assembly warn cuts threaten care funding
by Leo Müllerby Leo Müller130th German Medical Assembly in Hanover: Doctors Protest Federal Healthcare Funding Cuts At the 130th German Medical Assembly in Hanover, delegates voiced sharp opposition to planned federal healthcare funding reductions …
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Business
Bosch announces 28,000 job cuts as it pivots away from battery production
by Leo Müllerby Leo MüllerBosch restructuring: German cuts and strategic shift as auto industry pivots to electrification Bosch restructuring prompts plans to cut about 28,000 jobs in Germany as the supplier recalibrates amid falling …
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Business
Commerzbank announces 3,000 job cuts citing AI to repel UniCredit takeover
by Leo Müllerby Leo MüllerCommerzbank Job Cuts: Bank to Shed About 3,000 Positions, Cites AI as Key Cost Driver in Bid Defense Commerzbank job cuts: the bank plans roughly 3,000 role reductions tied to …
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Business
German Kerosene Supply Faces Crisis as Druschba Pipeline Blockade Cuts Crude
by Leo Müllerby Leo MüllerGermany’s kerosene supply strained as Druzhba pipeline halt leaves Schwedt short of crude Germany’s kerosene supply strained after Russia halted the Druzhba pipeline; Schwedt refinery lacks about 20% crude. Berlin …
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Business
Commerzbank announces around 3,000 job cuts and ambitious 2030 targets amid UniCredit bid
by Leo Müllerby Leo MüllerCommerzbank raises 2030 targets and plans 3,000-job reduction amid UniCredit takeover bid Commerzbank boosts 2030 goals and plans about 3,000 job cuts as it pushes back against a UniCredit takeover …