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Melissa Eddy
Posts
Steel Maker ThyssenKrupp to Slash 11,000 Jobs in Germany
The venerable steel producer, which has been struggling against high energy prices at home and growing competition from abroad, is the latest company in Europe…
Why Germany’s Economy, Once a Leader in Europe, Is Now in Crisis
The country is facing a second year of zero growth, with industry leaders gloomy and worried about potential tariffs from President-elect Donald Trump.
Volkswagen Profit Shrinks as Unions Threaten Strike
Germany’s biggest automaker said its profit dropped 42 percent in the third quarter, as union leaders warned that workers were ready to walk out over…
Volkswagen Could Close 3 Plants in Germany to Cut Costs
The automaker’s top employee representative told workers that management planned to shutter factories for the first time in the company’s 87-year history.
Tesla Loses Court Battle in Swedish Labor Dispute
A district court ruled that Sweden’s constitution prevented it from taking a side in a labor dispute between Tesla and local unions that has dragged…
Volkswagen’s Woes Reflect a Stagnant German Economy
Germany’s largest automaker rode a wave of strong sales for years, but lagging demand and pressure from China are forcing it to consider layoffs.
Chinese Automakers’ Answer to E.U. Tariffs: Build in Europe
BYD, which leads China’s electric vehicle sector, is constructing a plant in Hungary while its Chinese rivals expand through joint ventures in Europe.
Volkswagen Quits Labor Agreement, Paving Way for Job Cuts
A week after it announced it was considering closing factories in Germany, the automaker said it was exiting a labor contract that protected workers from…
Battery Maker Northvolt to Cut Costs as E.V. Demand Slumps in Europe
The Swedish battery manufacturer said it would eliminate jobs and seek partnerships as it grappled with competition from China.
Volkswagen Considers Closing Plants in Germany
For the first time in its 87-year history, the automaker is considering shuttering factories in Germany, citing the need to remain competitive.
