Tag #German Economy

zeit.de
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Rhineland-Palatinate Christmas Sales Slightly Below 2021 Levels

Christmas sales in Rhineland-Palatinate in 2022 were slightly below the previous year, with over two-thirds of businesses dissatisfied due to factors like economic uncertainty, the rise of e-commerce and a shift towards smaller, more personalized gifts. The retail association estimates a final turno...

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dw.com
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AfD's "Dexit" Plan Threatens German Economy

Germany's far-right AfD party, currently polling second in recent surveys, plans to facilitate Germany's exit from the EU and Eurozone if elected, proposing a "Europe of Homelands" in its place; however, this "Dexit" is deemed economically disastrous by experts, potentially costing €690 billion and ...

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cnn.com
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Volkswagen Averts Strikes with 35,000 Job Cut Deal

Volkswagen and German unions reached a deal to avert strikes, involving over 35,000 future job cuts and capacity reductions but avoiding immediate site closures or layoffs, after 70 grueling hours of negotiation.

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sueddeutsche.de
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VW Restructuring: 35,000 Job Cuts, Saxon Plants Affected

Volkswagen will cut 35,000 jobs in Germany, impacting its Saxon plants in Zwickau and Dresden; Zwickau will reduce ID model production, while Dresden's Gläserne Manufaktur will stop vehicle production by end of 2025, sparking criticism for disproportionately affecting Eastern Germany.

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zeit.de
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Germany Faces Industrial Crisis, Urgent Action Needed

German Labor Minister Hubertus Heil is urging for an active industrial policy to prevent the collapse of entire industries and massive job losses amid a current economic crisis, with Kurzarbeit reaching record levels in September 2024.

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welt.de
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German Hiring Freezes Amidst Economic Crisis

German companies' hiring plans have decreased to levels unseen in 4.5 years due to economic downturn and order backlog, resulting in a drop in the Ifo employment barometer to 92.4 points in December and a 12.6% year-on-year increase in insolvency filings in November.

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elpais.com
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German Government Collapse Spurs Consideration of Expansionary Fiscal Policy

Following a no-confidence vote, German Chancellor Olaf Scholz's government fell, leading to snap elections in late February. Despite a robust economy, Germany faces challenges including energy dependence, aging infrastructure, and geopolitical pressures, prompting consideration of a more expansive f...

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taz.de
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Volkswagen Averts Plant Closures in Restructuring Deal

Volkswagen and its worker representatives reached a compromise to restructure the company, involving the reduction of over 35,000 jobs and a 25% cut in production capacity, while avoiding plant closures and extending job security until 2030, saving over €15 billion annually.

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edition.cnn.com
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Volkswagen Averts Strikes with 35,000 Job Cuts

Volkswagen averted mass strikes in Germany by agreeing to 35,000 future job cuts and capacity reductions, resulting in 15 billion euros in annual savings, following 70 hours of negotiations and major worker strikes.

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welt.de
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Germany Faces Economic Crisis, Thousands of Jobs at Risk

German Labor Minister Hubertus Heil seeks to prevent the collapse of entire industries and job losses due to the economic crisis, highlighting rising short-time work numbers (268,000 in September, up 76% year-on-year) and contrasting Germany's approach with proactive industrial policies in China and...

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dw.com
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German Election: Economy, Ukraine, and Immigration Take Center Stage

Germany's February 23rd election pits competing economic recovery plans against differing approaches to the Ukraine conflict and immigration, with the CDU/CSU, SPD, Greens, and AfD offering distinct solutions.

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dw.com
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Germany's 2025 Crisis: Economic Stagnation and Political Instability

Germany's incoming government faces a multifaceted crisis in 2025: a struggling economy marked by factory closures and high inflation, coupled with challenges in managing immigration, countering cyberattacks, and protecting democracy from internal and external threats.

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