Japanese manufacturer Komatsu is cutting nearly a quarter of its workforce at its Hanover plant due to weak demand for...

Battery manufacturer Varta has struggled with heavy debt for some time. Now, a turnaround is in sight through a debt...

The automotive industry is undergoing a profound transformation, and it is now affecting suppliers like ElringKlinger. The company has decided...

The German textile recycling company Soex, based in Bitterfeld-Wolfen, has filed for bankruptcy. More than 460 employees are affected, though...

The beloved Essen restaurant "Schiffers im alten Löwen" is set to close by the end of the year. In the...

The European Union is moving forward with compensatory tariffs against China, despite opposition from German Chancellor Olaf Scholz. German automakers...

After 118 years of operation, automotive supplier Recaro is shutting down production and undergoing liquidation. The traditional car seat manufacturer,...

German rapper Badmómzjay has partnered with Telekom to promote new youth-targeted mobile plans. The 22-year-old artist, known for her authenticity...

The traditional Osnabrück-based chocolate and confectionery specialist Leysieffer has filed for bankruptcy for the third time since 2019. Despite marketing...

BASF's new CEO, Markus Kamieth, has committed to investing billions in the company's main site in Ludwigshafen. Despite this investment...

British fintech company Revolut has announced plans to become a leading direct bank in Germany, targeting to more than double...

Coca-Cola has announced plans to close five production and logistics sites in Germany by 2025, affecting over 500 jobs. The...

Traditional bakery Sternenbäck has announced the closure of its Hechingen production site by the end of 2024 amid a new...

More people than ever before in Germany have assets of one billion euros or more. Nevertheless, some billionaires lost a...

Alstom, the French train manufacturer, has announced plans to close its plant in Görlitz, Germany, by the end of March...

BBS, the renowned wheel manufacturer from the Black Forest, is facing its fifth insolvency proceeding since 2017. The insolvency administrator...

AOC, a significant East German construction project developer, has filed for insolvency after more than 20 years in business. This...

Schaeffler, the Franconian automotive and industrial supplier, is contemplating significant job cuts following its merger with Vitesco. This development comes...

Thyssenkrupp Steel Europe's new chief executive has informed the company's 27,000 employees about impending job cuts. This move comes as...

The Deutsche Bahn (DB) plans to sell its profitable logistics subsidiary, DB Schenker, to Danish competitor DSV for 14.3 billion...

A successful small specialty company in the Stuttgart area, known as a "hidden champion," has run into financial difficulties. The...

The RNF GmbH, which operates the regional television channel Rhein-Neckar-Fernsehen (RNF), has filed for insolvency at the Heidelberg District Court....

The Organization for Economic Cooperation and Development (OECD) has revised its economic growth forecast for Germany downward. This adjustment comes...

In a new development, over 50,000 Wirecard shareholders may now have hope for compensation in the insolvency proceedings. This follows...

BASF, the world's largest chemical company, is facing cost pressures and high energy prices. The company plans to announce a...

René Benko, founder of the bankrupt Signa Group, is facing creditor claims totaling approximately 2.4 billion euros ($2.6 billion). This...

The German craft sector is grappling with a significant shortage of skilled workers. A recent study reveals that approximately 113,000...

The German retail chain Globus has announced the sale of five stores to competitor Kaufland. This move will result in...

A long-standing automotive supplier in Germany has entered insolvency proceedings. J. G. Weisser Söhne, with over 100 years of history,...

A survey shows which car brand is most popular among Germans. There are differences between genders and generations. Audi Q5...