Voith's new CEO Dirk Hoke plans to cut 2,500 jobs, mainly in Germany, as part of a broader restructuring strategy to improve the company’s competitiveness and financial health.
LYB Solvent Recycling plans to shut down its Merseburg plant by mid-2026, threatening around 100 jobs and ending a lo...
LYB Solvent Recycling plans to shut down its Merseburg plant by mid-2026, threatening around 100 jobs and ending a long-standing presence in solvent-based plastic recycling.
Voith's new CEO Dirk Hoke plans to cut 2,500 jobs, mainly in Germany, as part of a broader restructuring strategy to improve the company’s competitiveness and financial health.
German companies Fasana and Mocopinus face insolvency due to a cyberattack and economic pressures, with efforts underway to save jobs and operations.
After 125 years, the historic Usedom Palace hotel closes due to economic difficulties, set to be renovated into luxury holiday apartments.
Wacker Chemie announces 1,500 job cuts amid high energy costs and economic challenges hitting Germany's chemical industry.
German automakers face sweeping job cuts and structural reforms amid economic and technological challenges, with severance payouts soaring and industry leaders urging decisive change.
Major German automakers ramp up job cuts and severance payouts amid a deepening industry crisis, as experts call for urgent structural reforms to secure the sector's future.
German automotive giants plan thousands of job cuts amid intense global competition, with industry experts calling for urgent structural reforms and investments in renewable technologies.
The German automotive industry faces its lowest employment levels since 2011 amid significant job losses, with experts calling for comprehensive industrial policies to protect jobs and strengthen production.
North Rhine-Westphalia sees multiple notable company insolvencies and closures in 2025, including Polo Motorrad's latest filing and historical examples of major firms dissolving or restructuring.
Bavarian companies are shifting production abroad due to costs and domestic weaknesses, raising concerns about deindustrialization and job losses.
Leica Biosystems plans significant job cuts at its Nußloch headquarters, relocating key roles abroad while retaining local production, sparking concern in the community.
Germany's economy faces worsening investment cuts and a critical need for improved financial education among its population, prompting government action.
Germany enters a prolonged economic crisis with one-third of companies planning job cuts amid stagnant growth and government challenges.
One-third of German firms plan workforce reductions in 2026, with industrial sectors and investment expectations notably impacted, amid regional disparities and calls for government reforms.
Companies like Amazon and Microsoft increasingly resort to smaller, frequent layoffs, heightening employee stress and challenging organizational morale.
Phoenix Contact’s financial outlook improves with revenue growth, yet workforce reductions planned amid regulatory challenges.
Statista cuts 80 jobs as it adopts AI automation amidst rising cloud costs that challenge AI innovation, highlighting economic and workforce impacts of AI integration.
Two traditional German companies, Fasana and Buddeberg & Weck, face insolvency amid financial woes, cyberattacks, and stalled negotiations impacting hundreds of jobs.
Hammer's extensive store closures across Germany will lead to substantial job losses, affecting local economies.
Major German firms like Lufthansa and Bosch are cutting jobs as AI integration and economic difficulties escalate.
Germany's job market is contracting as companies plan significant layoffs by late 2025.
Bosch announces major job cuts affecting 13,000 employees in Germany's automotive sector amid ongoing industry challenges.
Germany's economy is affected by Bosch's job cuts amidst rising foreign investment and construction growth.
The bankruptcy of a leading solar company in Germany results in significant job losses and facility closures.
Meyer Burger lays off 600 employees in Germany, reflecting broader solar industry challenges.
German industries are under immense pressure due to rising costs and order shortages, leading to job cuts and a slow digitalization process.
Borussia Mönchengladbach has sacked coach Seoane after three winless Bundesliga matches.
SMA Solar intensifies cost-cutting measures amid economic challenges, raising job security concerns.