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 »
Economy
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 »
Despite the change in leadership at Deutsche Bahn, the crisis is worsening despite the new female CEO
The change in leadership at the helm of Deutsche Bahn was intended to mark a fresh start, yet so far,
Collapse in corporate investment: Hardly any new facilities are being built in Germany
Companies in Germany are barely making any additional net productive investments, even though the government has recently significantly increased its
Collapse in corporate investment: Hardly any new facilities are being built in Germany Read More »
Metal industry warns of job losses: 300,000 jobs considered at risk
Pressure is mounting on the CDU, CSU, and SPD in Berlin as the metal industry fears further massive job losses
Metal industry warns of job losses: 300,000 jobs considered at risk Read More »
Germany’s largest tile factory halts production: energy prices cost 165 jobs
The tile factory in Leisnig is halting production at the end of June 2026 for the time being, despite having
Germany’s largest tile factory halts production: energy prices cost 165 jobs Read More »
Google and Amazon’s CO2 emissions are rising sharply – climate goals are becoming increasingly out of reach
The CO2 emissions of US tech giants Google and Amazon are rising sharply, putting their climate goals increasingly out of
Lufthansa cuts European flights: Up to 15 fewer jets from 2027
Lufthansa plans to further scale back its European short- and medium-haul network and withdraw up to 15 aircraft from service
Lufthansa cuts European flights: Up to 15 fewer jets from 2027 Read More »
Mechanical Engineering Crisis: Germany’s Key Sector Loses Confidence
According to a new PwC survey of 150 executives, the crisis in the mechanical engineering sector is intensifying significantly. Only
Mechanical Engineering Crisis: Germany’s Key Sector Loses Confidence Read More »