German industry losing 15,000 jobs a month
High energy costs, bureaucracy, skilled-labour shortages and external pressures, including US trade policies and Chinese market distortions.
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Popular articles tagged "degrowth"
Porsche to cut up to 6,000 jobs amid deepening crisis
In previous years these bonuses and special payments could reach several thousand euros when the company was performing strongly.
One of Germany’s oldest breweries goes bust after more than 350 years
Eichbaum Brewery, founded in 1679 in the town of Bad Windsheim in Bavaria, announced that it will cease production later this year.
Volkswagen to slash model range in half, cut production by 10 per cent
The move is part of a broader far ranging cost-cutting and efficiency drive as the group confronts a sharp downturn in its core European and Chinese markets.
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German company bankruptcies highest in over two decades
In the April-to-June period, there were 4,996 insolvencies of partnerships and corporations.
Porsche announces up to 4,000 additional job cuts amid industry pressures
The company, part of the struggling Volkswagen Group, employs around 40,000 people worldwide, with the majority based in Germany.
Germany’s net investment has almost ground to a halt
McKinsey’s 65-page study shows that Germany is investing almost nothing in additional production capacity.
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Germany considers raising retirement age as economic slump continues
The Rentenkommission is expected to suggest gradually raising the retirement age to 68.
EU’s ‘degrowth’ means rich stay rich, the poor are made even poorer
It is hard to distinguish whether an action is driven by malice or incompetence when the results are the same.
Nature magazine study predicts catastrophic consequences of ‘degrowth’ policy
The British scientific journal Nature has published a study that forecasts the potentially devastating effects of the so-called “degrowth” economic model.
European Commission gave €10 million to “degrowth” research
While the debate on de-industrialisation in Europe is raging, the European Commission is pumping bags of cash into research exploring regrowth and the “planned…