Category: German Press

German FAZ: Should I accept the severance payment?007173

Volkswagen, Bayer and SAP: Three DAX companies have recently launched expensive severance pay programs to get rid of some of their employees. Most of the time it involves older, long-standing employees who, in the opinion of management, are no longer urgently needed, but who can hardly be dismissed. When it comes to ongoing wage costs,… Continue reading German FAZ: Should I accept the severance payment?007173

German FAZ: VW is making a hard U-turn007172

Oliver Blume took on a lot of construction sites when he took over as head of Europe’s largest car manufacturer, Volkswagen, almost two years ago. One of the illusions that VW had indulged in under the leadership of its predecessor Herbert Diess was that the company would transform itself into a software developer that would… Continue reading German FAZ: VW is making a hard U-turn007172

German FAZ: Volkswagen teams up with Rivian007171

The Volkswagen Group wants to accelerate the development of software for cars of the future with a new partnership in America. As Europe’s largest car company announced on Tuesday evening, it is investing up to $5 billion in an alliance with the US electric car manufacturer Rivian, in which the online retailer Amazon also has… Continue reading German FAZ: Volkswagen teams up with Rivian007171

German Manager Magazine: Autonomous driving: Germany and China with declaration of intent for data transfer003403

Germany and China have concluded an agreement for data transfer, which is primarily for car industry is of importance. “With our declaration of intent, we are creating a continuous exchange and a common understanding of the data policy legal framework between the two countries,” said Digital Minister Volker Wissing (54, FDP). He and the director… Continue reading German Manager Magazine: Autonomous driving: Germany and China with declaration of intent for data transfer003403

German Manager Magazine: Hella: Headlight manufacturer cuts jobs in Lippstadt003402

Because of the debilitating car market and high costs, the headlight manufacturer Hella pulls out the red pencil. The company announced on Wednesday in the Westphalian city that it plans to cut 420 jobs in Lippstadt by mid-2026. It’s about the factory at the company’s headquarters, which currently has around 1,000 jobs and is making… Continue reading German Manager Magazine: Hella: Headlight manufacturer cuts jobs in Lippstadt003402