Stuttgart/Ludwigsburg, August 2026 – Porsche is selling its management and IT consultancy, MHP, in its entirety to Tata Consultancy Services
Porsche sells MHP for 320 million euros – Tata wins multi-billion euro contract Read More »
Berlin, August 2026 – Germany’s productivity is growing at an annual rate of just 0.3 percent when averaged over six
Productivity is no longer sufficient: Germany’s prosperity cannot be sustained this way Read More »
Wolfsburg/Munich – Volkswagen is apparently preparing to sell additional Traton shares in mid-August 2026. VW currently holds an 87.5 percent
VW prepares to sell more Traton shares – billions at stake Read More »
Berlin. The federal government’s investment stimulus measures have not yet significantly boosted private investment. According to the DIHK, investment levels
Job cuts at Telefónica Deutschland could prove significantly more extensive than publicly disclosed so far. Internally, the mobile operator is
Telefónica Deutschland reportedly plans to cut 1,650 jobs by 2028 Read More »
Kaiserslautern – Hochwald is closing the majority of its dairy plant on Merkurstraße as early as September 2026. According to
Hochwald closes dairy plant in Kaiserslautern – 74 jobs lost despite record revenue Read More »
Germany, August 2026 – Job cuts in the automotive industry are accelerating, pushing employment to its lowest level since 2005.
Job cuts in the auto industry: 42,300 jobs lost – lowest level since 2005 Read More »
Ship traffic through the Panama Canal is set to be reduced due to drought in the region caused by the
Drought due to El Niño: Shipping traffic through the Panama Canal reduced Read More »
Warsaw/Brussels – Poland’s economic growth accelerated again in the second quarter of 2026. According to preliminary data released on August
Poland’s economic growth is accelerating – now the EU’s sixth-largest economy Read More »
Kleve – An increasing number of cooperative banks are requiring assistance from their own protection scheme. Volksbank Kleverland has now
Tschernitz – In early August 2026, final efforts to save Glasmanufaktur Brandenburg (GMB) definitively failed. No new investor was found
Sennfeld – On August 5, 2026, Accell Germany and three German subsidiaries filed for insolvency proceedings under self-administration with the
Accell insolvency hits Haibike, Winora, and Ghost – 370 employees affected Read More »
Gründau – US automotive supplier Lear is moving production away from its Gründau site in Hesse, effectively withdrawing those operations
Lear pulls production out of Germany – relocation costs 180 jobs Read More »
Germany is reporting rising exports and economic growth, yet corporate bankruptcies continue to increase. In June 2026, goods exports were
Record exports mask crisis – corporate insolvencies 75 percent above previous levels Read More »
Radolfzell am Bodensee – The German mechanical engineering sector is losing another medium-sized industrial company: Engmatec. By early August 2026,
