Pharma investment freeze in Germany deepens as Boehringer and Eli Lilly scale back projects German pharmaceutical investment freeze alarms industry as lawmakers approve higher manufacturer rebates and tougher pricing rules …
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Zalando confirms Berlin job cuts as Erfurt closure threatens 2,100 jobs
by Leo Müllerby Leo MüllerZalando layoffs confirmed in Berlin as company pursues mutual termination agreements Zalando layoffs hit the headlines after the fashion retailer confirmed plans for further workforce reductions in its Berlin operations, …
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Business
EEG reform sparks industry warnings over solar job losses and investment slump
by Leo Müllerby Leo MüllerGermany’s EEG reform draft and Netzpaket draw sharp industry and political criticism Germany’s EEG reform and Netzpaket drafts, softened by the Economy Ministry, face industry and Green criticism over curtailment, …
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Business
European auto sector faces 726,000 job losses by 2040, Fraunhofer study warns
by Leo Müllerby Leo MüllerFraunhofer Study Warns of Massive European Auto Industry Job Losses by 2040 Fraunhofer warns the European auto industry could lose up to 726,000 jobs by 2040, driven by powertrain shifts, …
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WMF faces factory closures as Groupe SEB announces up to 600 job cuts
by Leo Müllerby Leo MüllerGroupe SEB to Cut Jobs: WMF Layoffs Hit German Sites Amid Cost-Saving Drive Groupe SEB announces WMF layoffs and factory closures in Germany, cutting jobs to save €200M as retail …
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New IW study reignites debate over profits and jobs in Germany As unions press for redistribution, a new Institute of the German Economy report argues corporate profits are essential for …
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Bosch leadership shock as Stefan Hartung exits amid mass job cuts and partnership setbacks Bosch faces renewed upheaval after CEO Stefan Hartung’s abrupt exit amid job cuts and strategic setbacks, …
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Business
Volkswagen reaffirms sweeping realignment, warns of possible plant closures and job losses
by Leo Müllerby Leo MüllerVolkswagen Confirms Major Restructuring as Board Weighs Sweeping Cost Cuts Volkswagen confirms a major restructuring as CEO Oliver Blume and the board weigh new savings, possible plant closures and up …
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Business
Volkswagen announces halving of model range, leaves plant and job futures uncertain
by Leo Müllerby Leo MüllerVolkswagen model range to be halved as supervisory board defers plant and job decisions VW to halve model range while supervisory board postpones decisions on plant closures and job cuts; …
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Business
VW signals overhaul with potential 100,000–120,000 job cuts and four German plant closures
by Leo Müllerby Leo MüllerVW restructuring: Blume vows sweeping realignment as supervisory board explores deep cost cuts VW restructuring takes center stage as CEO Oliver Blume reaffirmed a company-wide realignment following a supervisory board …