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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".

The new ESMC chip plant in Dresden is intended to strengthen European expertise in semiconductor production in the long term. (Archive image) / Photo: David Chang/EPA/dpa

Construction of a new chip factory started in Dresden

A year ago, the Taiwanese chip manufacturer TSMC announced the construction of a plant in Dresden. Now the ground-breaking ceremony is taking place in the north of Dresden, where other major players in the industry are also based.

The chimney of the former Halberg-Guss foundry is removed with a so-called spider excavator. / Photo: Jan Woitas/dpa

Dismantling of a 150-meter-high tower in Leipzig has begun

The dismantling of a 150-metre-high chimney has begun at the site of the former Gusswerke Leipzig (formerly Halberg-Guss). A so-called spider excavator is removing the tower from top to bottom, as a spokeswoman for the responsible Hagedorn Group said on Tuesday in response to an inquiry. The work sh ..

Danny Auerswald, former site manager of the Gläserne Manufaktur Dresden / Photo: Robert Michael/dpa-Zentralbild/dpa

Danny Auerswald becomes new head of Volkswagen in Saxony

Change at the top of Volkswagen in Bavaria: On July 1, Danny Auerswald, a native of Saxony, will take over as Chairman of the Board of Management. He replaces Robert Janssen, who is reportedly moving to Shanghai. Janssen had only taken over as CEO and Head of Technology and Logistics in 2022. Danny ..