The ailing battery manufacturer Varta has come one step closer to its restructuring. The majority of the ownership groups officially approved the restructuring plan at the discussion and voting meeting, the company announced on Monday. Only the group of free-float shareholders voted against the plan. The company expects that the responsible local court will approve… Continue reading German Manager Magazine: Varta: Majority of creditors and shareholders vote for restructuring003766
Author: Manager Magazin (German)
German Manager Magazine: Northvolt: Volkswagen, Goldman Sachs and other investors write down investment from003766
The investors in the troubled Swedish battery cell manufacturer Northvolt According to insiders, they are writing off their holdings. Volkswagen A person familiar with the process told the Reuters news agency on Monday that it continually checks its investments for their value over the course of the year. The Wolfsburg-based car manufacturer has already written… Continue reading German Manager Magazine: Northvolt: Volkswagen, Goldman Sachs and other investors write down investment from003766
German Manager Magazine: Bosch is reducing working hours at other locations in Germany003765
In addition to cutting thousands of jobs, the technology group is continuing to do so Bosch to reduce costs, including shorter weekly working hours for some of the employees Germany. A total of around 10,000 employees are affected, including at the Abstatt, Holzkirchen, Stuttgart-Feuerbach, Schwieberdingen, Hildesheim, Leonberg, Renningen, Schwäbisch Gmünd and Gerlingen-Schillerhöhe locations, as a… Continue reading German Manager Magazine: Bosch is reducing working hours at other locations in Germany003765
German Manager Magazine: Volkswagen: VW boss Thomas Schäfer sticks to closing factories003764
Volkswagen is sticking to plans to close plants despite resistance from its employees Germany firmly. “We have to reduce our capacities and adapt to the new realities,” said VW brand boss Thomas Schäfer (54) to “Welt am Sonntag”. This included component locations and vehicle factories. When asked whether VW could avoid closing a plant, Schäfer… Continue reading German Manager Magazine: Volkswagen: VW boss Thomas Schäfer sticks to closing factories003764
German Manager Magazine: Bosch: Automotive supplier shortens working hours in other locations in Germany003762
In addition to cutting thousands of jobs, the technology group is continuing to do so Bosch to reduce costs, including shorter weekly working hours for some of the employees Germany. A total of around 10,000 employees are affected, including at the Abstatt, Holzkirchen, Stuttgart-Feuerbach, Schwieberdingen, Hildesheim, Leonberg, Renningen, Schwäbisch Gmünd and Gerlingen-Schillerhöhe locations, as a… Continue reading German Manager Magazine: Bosch: Automotive supplier shortens working hours in other locations in Germany003762
German Manager Magazine: Business Model Germany: The Economist analyzes the decline of the German economy003762
Without globalization dividend The decline of the German economy For a long time, the surpluses abroad ensured profits for Deutschland AG. But now the world’s third largest economy needs a new business model. The unsparing Economist analysis of the situation in Germany. An original text from “The Economist” November 23, 2024, 9:40 a.m Go to… Continue reading German Manager Magazine: Business Model Germany: The Economist analyzes the decline of the German economy003762
German Manager Magazine: Knaus Tabbert: Major shareholder becomes boss at mobile home manufacturer 003760
Major shareholder Wim de Pundert is taking over the helm at motorhome manufacturer Knaus Tabbert, which is suffering from a lack of orders. The Dutchman is to take on a dual role as CEO and CFO with immediate effect. as the company announced on Friday . De Pundert was previously a member of the supervisory… Continue reading German Manager Magazine: Knaus Tabbert: Major shareholder becomes boss at mobile home manufacturer 003760
German Manager Magazine: Bosch plans to cut over 5,500 jobs, works council announces resistance003760
In view of the crisis in the auto industry, the supplier wants to Bosch More jobs are being cut than previously known. In the coming years there will be a further “need for adjustment” of up to 5,550 positions, as a company spokeswoman announced. More than two thirds of these – a total of 3,800… Continue reading German Manager Magazine: Bosch plans to cut over 5,500 jobs, works council announces resistance003760
German Manager Magazine: Car sales are becoming a risk worth billions: dreams of VW, Audi, BMW and Stellantis are wavering003758
Restore iTunes subscription manager+ is processed through your iTunes account and paid for upon confirmation of purchase. 24 hours before expiry, the subscription is automatically extended by one month at the current price of €24.99. You can cancel your subscription at any time in your iTunes account settings. To use manager+ outside of this app,… Continue reading German Manager Magazine: Car sales are becoming a risk worth billions: dreams of VW, Audi, BMW and Stellantis are wavering003758
German Manager Magazine: Northvolt files for bankruptcy protection in the USA – what’s next for Heide?003758
The Swedish battery cell manufacturer Northvolt, once set up to set up independent battery cell production for electric cars in Europe, is seeking protection under Chapter 11 of bankruptcy law in the USA. The financially troubled company announced this on Thursday. The restructuring process protects the company of co-founder and CEO Peter Carlsson (54) from… Continue reading German Manager Magazine: Northvolt files for bankruptcy protection in the USA – what’s next for Heide?003758