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News about #Industry

After the slump in profits, the employee bonus at Porsche is significantly lower. (Archive image) / Photo: Marijan Murat/dpa

Porsche: bonus for employees almost halved

Slump in profits, falling sales, cost-cutting program: things have been better at Porsche in the past. The employee bonus is now also significantly lower. How much will employees receive?

VW plans to produce only two Audi models in Zwickau in the future (archive photo). / Photo: Hendrik Schmidt/dpa

Saxony wants to support the automotive industry

The car industry in Saxony is also affected by VW's cost-cutting plans - with widespread repercussions for suppliers. According to the Ministry of Economic Affairs, this is a setback for the Free State.

According to the chambers of industry and commerce, many companies in Saxony have started the new year without momentum. (Symbolic image) / Photo: Hendrik Schmidt/dpa

IHK: Economic year 2025 started without momentum

Saxony's companies are facing difficult months. They are complaining about weaker demand at home and abroad. This is why companies are keeping their money together - for example when it comes to investments.

The plant in the company's home city of Hanover is to remain a central location in Contitech's overall operating strategy. (Archive image) / Photo: Ole Spata/dpa

Plant closures planned at Contitech

The automotive industry is in crisis. This is also making itself felt at supplier Continental and its plastics technology division Contitech. Hundreds of jobs are now on the line.

The tough wage negotiations dragged on well into the night in some cases / Photo: Friso Gentsch/dpa

What VW and IG Metall have agreed on

Job cuts yes, plant closures no: Volkswagen and the IG Metall trade union spent more than 70 hours arguing about the car manufacturer's cost-cutting measures. In the end, at least a compromise has been reached.

Wacker Chemie expects business to shrink in 2024. (Archive image) / Photo: Sebastian Willnow/dpa

Wacker Chemie feels weakness in demand

Customers in the automotive and construction industries are hesitant to place orders, sales in Asia are slumping and solar silicon is less in demand. There are also rays of hope for Wacker Chemie.

VW crisis: IG Metall firmly rejects cuts to job security in Saxony. (Archive photo) / Photo: Hendrik Schmidt/dpa

IG Metall insists on job security at VW Saxony

In the dispute over possible redundancies and plant closures at Volkswagen, the trade union is pressing for the job agreements for the sites in Saxony to be retained. However, these are being put to the test.

The VW plant in Mosel near Zwickau in Saxony. (Archive photo) / Photo: Hendrik Schmidt/dpa

Kretschmer: Saxony worried about Volkswagen

In the dispute over new cost-cutting plans, the VW Group cancels the job guarantee that has been in place since 1994. Problems are also seen in Saxony, but the Minister President finds the state "quite well positioned".