Volkswagen plans to double job cuts to 100,000 and close four German plants
The plans would roughly double the previously announced target of around 50,000 job reductions, already called historic at the time due to its impact.
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The plans would roughly double the previously announced target of around 50,000 job reductions, already called historic at the time due to its impact.
The broader project has received additional international funding, but Germany has been a major contributor.
Around 350 jobs are affected at the Dietenhofen site, which specialised in the manufacture of the popular toys.
The suggestion forms part of ongoing coalition talks with the CDU/CSU on a broader reform package and may cause friction within the government.
He noted that discussions with international investors barely mention possible AfD successes in upcoming state elections in eastern Germany.
The European Union is an empire. This empire is now failing economically and civilisationally.
The errors occurred because cabling work began before the final technical planning for the new digital signalling system was complete.
Germany faces significant budgetary challenges, including high energy costs, defence spending needs, and the costs of the green transition.
The downgrade is attributed primarily to the economic fallout from the Iran conflict, including sharply higher energy prices.
In 1969, Switzerland’s Beznau plant went online after roughly four years of construction. France built its nuclear fleet in the 1970s on a similar schedule.
The push has come as Germany's long-standing reluctance to confront China has appeared to soften.
German biotech company Biontech has announced it will cease the production of Covid-19 vaccines in Germany and close down most of its domestic production sites.
A year on from the day he became the first German leader to need a second Bundestag vote to take office, Merz has presided over a stagnant economy, a coalition at…
A 63-year-old woman and a 77-year-old man, both German citizens, died at the scene.
While employment in once key industrial sectors is in decline Germany is seeing a significant increase in people working for the state.
The Social Democratic Party (SPD) in the German capital of Berlin has announced plans to set up a special investigative unit to examine thousands of rental contracts…
Several high-ranking German economists have expressed scorn and criticism of Germany’s federal budget plan for 2026 to 2030.
Merz has stated that the state pension will be reformed into what he described as “basic cover” for old age and will no longer be sufficient to maintain living…
Germany’s finance ministry has countered claims by leading economists who accused the government of having misspent most of a debt-financed “special fund”…
The German economics ministry has significantly lowered its growth outlook for Europe’s largest economy, halving its forecast for 2026 and also revising up inflation…
German Chancellor Friedrich Merz (Christian Democratic Union, CDU) has spoken out in favour of far-reaching reforms of the country’s creaking public pension system.
The Minister-President of Lower Saxony has suggested that Volkswagen should consider allowing Chinese manufacturers to produce vehicles in underutilised German plants…
Germany’s airlines and airports are sounding the alarm as dwindling jet fuel stocks threaten to cause a collapse in air travel in the coming months.
A rift has opened up in Germany’s ruling Christian Democrat Union party (CDU) in recent days, following harsh words of criticism by economics minister Katherina…
The rocketing prices for petrol and diesel are proving a boon for Germany's finance minister.
Peter Altmaier, a former German finance minister, former economy minister and a chief architect of Angela Merkel’s energy policy, claimed Germany’s decision…
Germany’s Federal Minister for the Economy, Katherina Reiche, has warned of an impending fuel shortage if the Iran war drags on for much longer.
According to a new analysis by the ifo Institute, one of Germany's most respected economic research organisations, 95 per cent of the €24.
German investor morale has plunged to its lowest level in almost a year as the Mideast war rattles market nerves in Europe's largest economy, said a ZEW survey released…