Thyssenkrupp is looking for partners for the steel and marine division

Dusseldorf The corona crisis is forcing the Essen-based industrial group Thyssen-Krupp to adjust its strategy. On Monday, CEO Martina Merz presented the supervisory board with a new concept for the further development of the conglomerate, Thyssen-Krupp announced the evening after the meeting. After the sale of the profitable elevator division, the group wants to concentrate […]

“This is not a cold capitalism”

Stuttgart, Dusseldorf Social peace is endangered in the family business Voith. The workforce in Sonthofen has been on strike for several weeks. Voith CEO Toralf Haag and Chairman of the Supervisory Board Siegfried Russwurm want to close and merge turbo gear plants. The talks with the employee side go into the final round. The case […]

Europe rediscovers “Schengen” – morning briefing

Dear readers, imagine you were living in German-French border area, had moved freely in both countries over the years and happily followed the initiatives of a common region. And now all of a sudden you find plastic cuboids as reincarnation of something related to Schengen and the internal market seemed done: borders. So you would […]

Federal government holds out prospect of buying incentives for car industry

The conversation took place via video conference. Details on the structure of the purchase incentives should be clarified by the beginning of June. The conference was attended by Chancellor Angela Merkel (CDU), several federal ministers and representatives of major German manufacturers such as VW, Daimler and BMW, the VDA car association and IG Metall. Government […]

Decision will only come in June

Protest against car summit Scrappage premiums as aid for Germany’s car manufacturers have met with opposition from politicians and citizens. (Photo: imago images / Jürgen Heinrich) Berlin The Federal Government wants to decide on the design of purchase incentives for cars by the beginning of June. The “Press Summit” agreed on this, the German press […]

“Osram purchase goes as planned”

Munich, Vienna The takeover of Osram by the smaller sensor technology specialist AMS was daring even before Corona. But AMS boss Alexander Everke has now rejected all speculation that the billion dollar project could still fail in the wake of the pandemic. “I can not understand the doubts. We are all very firmly convinced that […]

The existential crisis shows that collective bargaining is a reality

It was a U-turn at top speed! In the middle of the negotiations for a new collective agreement, the outbreak of the pandemic forced the parties to the collective agreement in the metal and electrical industry to react quickly. Until well into March, the talks had primarily focused on the question of what contribution the […]

IG-Metall-Chef: Extend unemployment benefit period

Berlin These are not easy times for the metal and electrical industry. Production was already five percent below the previous year’s level in 2019. The economic downturn as a result of international trade disputes and the Brexit uncertainty weighed on the key industry. In addition, there is the structural change, the automobile manufacturers and their […]

No wage increase for 120,000 VW employees

Dhe almost 120,000 employees of the car manufacturer Volkswagen, to whom the VW company wage agreement applies, have to wait for wage increases in the corona crisis. The company and the IG Metall union agreed on Thursday to put the collective agreements that were terminated at the end of April into force without any increase […]

Government wants to tap more takeovers on security issues

Berlin The federal government is tightening controls on foreign investments in order to make it more difficult for strategically important areas to take over German companies. The Federal Cabinet initiated an amendment to the Foreign Trade Law on Wednesday. Investments from non-EU countries should be examined more comprehensively and with foresight. Economics Minister Peter Altmaier […]