Category: German Press

German FAZ: Mechanical engineering company Manz wants to file for bankruptcy008418

Manz said the insolvency was triggered by the decision of lenders not to provide any further funds. In recent weeks, the board has held intensive discussions with several capital providers and investors for new equity and debt capital. Regardless of the step that is now necessary, the board is continuing discussions with potential investors. In… Continue reading German FAZ: Mechanical engineering company Manz wants to file for bankruptcy008418

German FAZ: Veganz secures old and new money008417

The story of the Veganz company has been told a lot. It is a pioneering achievement and has many personal ups and downs. The producer and major distributor of vegan products was founded by the former car manager Jan Bredack. He initially trained as a car mechanic, then had a promising career in the Daimler… Continue reading German FAZ: Veganz secures old and new money008417

German FAZ: For a good cause008417

F.A.Z. readers help Every year the editorial team of the F.A.Z. two projects that benefit from the “F.A.Z. Readers Help” fundraising campaign. For 2024, the choice fell on the Children’s Aid Organ Transplantation Association, which supports families of children with organ diseases in this country in everything that goes beyond medical care. On the other… Continue reading German FAZ: For a good cause008417

German FAZ: Agreement in the collective bargaining dispute – VW wants to cut more than 35,000 jobs008419

It was the longest negotiating marathon in the history of the Volkswagen Group. IG Metall and management struggled for around 70 hours to find a solution to the dispute over job cuts, locations and wage cuts. They negotiated for several nights, interrupted only by short breaks to sleep, before talk of a “rapprochement” was discussed… Continue reading German FAZ: Agreement in the collective bargaining dispute – VW wants to cut more than 35,000 jobs008419

German FAZ: Hemp in happiness008418

Lucas Fuhrmann and Montgomery Wagner had all sorts of things on their minds during their studies, but sustainable artificial leather wasn’t one of them at first. The two thirty-two-year-olds sum up that their courses in political science, philosophy and economics have little to do with their current work in a side wing of the TU… Continue reading German FAZ: Hemp in happiness008418

German FAZ: Rapprochement in the dispute over Volkswagen008417

Late on Thursday afternoon, the negotiators from IG Metall and Volkswagen thought they were close to a deal. By then they had been negotiating in the Wyndham Hannover Atrium Hotel for more than 50 hours; the union is said to have already informed its collective bargaining committee about a package that should form the basis… Continue reading German FAZ: Rapprochement in the dispute over Volkswagen008417

German Manager Magazine: VW and IG Metall: Movement in trade negotiations003845

VW main plant in Wolfsburg: Around 60,000 employees work in the VW main plant, where they produce the mass-produced Golf, Golf Variant, Tiguan and Touran models. At the same time, Wolfsburg is the headquarters of the Volkswagen Group with a total of ten vehicle brands (VW, VW Commercial Vehicles, Audi, Škoda, Seat, Cupra, Ducati, Porsche,… Continue reading German Manager Magazine: VW and IG Metall: Movement in trade negotiations003845

German Manager Magazine: Tesla recalls almost 700,000 vehicles003845

Called about a problem with the tire pressure monitoring system warning light Tesla almost 700,000 vehicles returned. According to a letter from the National Highway Traffic Safety Administration on Thursday, the recall includes certain 2024 Cybertruck vehicles, the 2017 to 2025 Model 3 and the 2020 to 2025 Model Y. The problem is that the… Continue reading German Manager Magazine: Tesla recalls almost 700,000 vehicles003845

German Manager Magazine: Volkswagen and IG Metall: Agreement in the collective bargaining dispute – VW plans to cut more than 35,000 jobs003845

After an unprecedented marathon of negotiations, Europe’s largest car manufacturer Volkswagen and the IG Metall settled their collective bargaining dispute. After more than 70 hours of negotiations, both sides agreed on Friday that more than 35,000 jobs will be cut in Germany by 2030. The company announced that the capacity of the plants will be… Continue reading German Manager Magazine: Volkswagen and IG Metall: Agreement in the collective bargaining dispute – VW plans to cut more than 35,000 jobs003845