Two oil companies are taking legal action over the antitrust authority’s fuel price investigation
The Federal Cartel Office intends to investigate how fuel prices in Germany are determined, but two of the twelve oil […]
Economy
Auto industry crisis deepens: BMW and Porsche plan to cut around 13,000 jobs
In late July 2026, Munich and Stuttgart are reporting a new setback for the German automotive industry. The automotive crisis
Auto industry crisis deepens: BMW and Porsche plan to cut around 13,000 jobs Read More »
Germany as a Pharmaceutical Hub: Lilly Halves Alzey Plant, Boehringer Cuts 900 Million
Alzey and Ingelheim – In early June 2026, Eli Lilly and Boehringer Ingelheim significantly cut their investment plans for their
Germany as a Pharmaceutical Hub: Lilly Halves Alzey Plant, Boehringer Cuts 900 Million Read More »
Rolly Toys closes German plant: 113 employees lose their jobs
Neustadt bei Coburg is set to lose a long-established toy manufacturer on December 31, 2026. Rolly Toys is ceasing production
Rolly Toys closes German plant: 113 employees lose their jobs Read More »
Job cuts at Dürr: 500 jobs lost – four German sites affected
Bietigheim-Bissingen – Job cuts at Dürr are affecting around 500 employees worldwide at its subsidiary, BBS Automation. The group announced
Job cuts at Dürr: 500 jobs lost – four German sites affected Read More »
Up to 600 jobs at risk: Albert Weber faces three plant closures
Automotive supplier Albert Weber faces the potential closure of three plants in Markdorf, Neuenbürg, and Magdeburg in July 2026. Porsche
Up to 600 jobs at risk: Albert Weber faces three plant closures Read More »
Varta facing collapse: Creditors want to break up the battery manufacturer
Key creditors intend to call in their loans and break up the battery manufacturer, leaving Varta facing collapse. The lenders
Varta facing collapse: Creditors want to break up the battery manufacturer Read More »
Job cuts at O2: 1,100 jobs and 60 company-owned stores to go
Munich, July 22, 2026: Job cuts at O2 will affect up to 1,100 full-time positions in Germany by the end
Job cuts at O2: 1,100 jobs and 60 company-owned stores to go Read More »
Chinese exports rise by 27 percent – Germany’s trade deficit grows
In July, Beijing reported a 27 percent increase in Chinese exports compared to June 2025; however, analysts had expected only
Chinese exports rise by 27 percent – Germany’s trade deficit grows Read More »
4.57 million employed people without a vocational qualification – 100,000 more are added each year
Berlin – A new Bertelsmann study reveals a growing skills gap in the German labor market. In 2025, there were
Adhesive tape manufacturer Monta files for insolvency – 150 jobs depend on investor
Immenstadt – Adhesive tape manufacturer Monta filed for insolvency proceedings under self-administration with the Kempten Local Court on July 16,
Adhesive tape manufacturer Monta files for insolvency – 150 jobs depend on investor Read More »
Exodus of the automotive industry: Germany is losing models, production capacity, and suppliers
The exodus of the automotive industry from Germany is accelerating in 2026. Manufacturers and suppliers are shifting the production of
Magna closes plant in Dorfprozelten despite site commitment – 216 jobs lost
Automotive supplier Magna plans to close its plant in Dorfprozelten (Lower Franconia) in mid-2027. Plant management informed the 216 employees
Magna closes plant in Dorfprozelten despite site commitment – 216 jobs lost Read More »
Wind and solar project developer SOWITEC files for insolvency – stock exchange halts bond trading
SOWITEC, a wind and solar project developer based in Sonnenbühl, filed for insolvency with the Tübingen Local Court on July
Labor market losing industrial jobs: 15,000 positions lost per month
In June 2026, the industrial crisis in the German labor market is intensifying, even though unemployment is falling slightly. The
Labor market losing industrial jobs: 15,000 positions lost per month Read More »