Tag: Rationalization and redevelopment
Battery company Varta wants to cut hundreds of jobs
Varta AG The group had recently initiated a comprehensive savings and conversion program. (Photo: dpa) Ellwangen The ailing battery company Varta has announced that hundreds of jobs will be cut.…
What to expect from the new CEO
Dusseldorf After the premature departure of Martina Merz as CEO of the Thyssen-Krupp industrial group, many unanswered questions have arisen in the group. Her successor, Miguel Ángel López Borrego, will…
Italy is still negotiating the sale of ITA to Lufthansa
Airbus A380 Lufthansa boss Spohr had promised a decision by Monday. (Photo: IMAGO/Christian Grube) Rome According to an insider, the Italian government is extending exclusive talks with Germany’s Lufthansa about…
Kuehne+Nagel’s profit collapses – ABB benefits from high orders
Testing group Dekra continues sales growth – profits are declining Despite the effects of the Ukraine war, the testing group Dekra has continued to grow its sales – but this…
Why bankruptcies are in fashion right now
Sale at Galeria and Reno There are currently many bankruptcies in fashion companies. (Photo: Imago, dpa) Dusseldorf There are many well-known names on the list of fashion retailers who recently…
Why bankruptcies are in fashion right now
Sale at Galeria and Reno There are currently many bankruptcies in fashion companies. (Photo: Imago, dpa) Dusseldorf There are many well-known names on the list of fashion retailers who recently…
Thyssen Krupp boss Martina Merz leaves
Martina Merz The former head of the supervisory board and current CEO is leaving Thyssen-Krupp. (Photo: dpa) Dusseldorf, Berlin Change in leadership at Thyssen-Krupp: CEO Martina Merz is leaving the…
Thyssen Krupp boss Martina Merz leaves
Martina Merz The former head of the supervisory board and current CEO is leaving Thyssen-Krupp. (Photo: dpa) Dusseldorf Management change at Thyssen-Krupp: CEO Martina Merz leaves the group at the…
Uber rival Lyft is cutting even more jobs
san francisco The US ride-hailing service Lyft announced a new round of layoffs shortly after changing its boss. “We will significantly reduce the size of our team,” new CEO David…
SAP increases sales – cement group Holcim raises forecast for the year
Energy and raw material prices weigh on Ritter Sport’s results High energy and raw material prices weighed on the results of the chocolate manufacturer Ritter Sport last year. Although he…
Renault increases sales – decline in profit for laboratory supplier Sartorius
Energy and raw material prices weigh on Ritter Sport’s results High energy and raw material prices weighed on the results of the chocolate manufacturer Ritter Sport last year. Although he…
Gerry Weber needs renovation again – branches under scrutiny
Dusseldorf, Munich The fashion retailer Gerry Weber has applied for insolvency on its own responsibility for its German trading subsidiary at the Bielefeld District Court. Although business operations are initially…
Gerry Weber needs renovation again – branches under scrutiny
Branch of Gerry Weber in Berlin The textile manufacturer last filed for bankruptcy in 2019. (Photo: imago images / Steinach) Munich Four years after bankruptcy, the women’s fashion group Gerry…
EY cuts 3,000 jobs in the US
EY company building The company is suffering from the declining consulting business. (Photo: Reuters) Dusseldorf The auditing and consulting company EY has announced extensive job cuts in the USA. The…
Bankruptcy as the means of choice? No thank you!
Store closed due to bankruptcy Protective shielding procedures also leave many victims behind, often including landlords of shops. (Photo: imago images/Arnulf Hettrich) At first glance, the term sounds harmless: protective…
Why bankruptcies are in fashion right now
Sale at Galeria and Reno There are currently many bankruptcies in fashion companies. (Photo: Imago, dpa) Dusseldorf There are many well-known names on the list of fashion retailers who recently…
The automotive supplier Brose complains of a lack of employee motivation
Michael Stoschek (archive picture from 2014) The family shareholders around Stoschek have therefore asked the management to simplify processes and “significantly streamline” the organization, they say. (Photo: dpa) Munich The…
Why bankruptcies are in fashion right now
Sale at Galeria and Reno There are currently many bankruptcies in fashion companies. (Photo: Imago, dpa) Dusseldorf There are many well-known names on the list of fashion retailers who recently…
Without a rescue plan, bankruptcy would have threatened
Leoni When the ailing auto supplier is rescued, the shareholders get nothing. (Photo: dpa) Munich For most Leoni shareholders, the rescue of the ailing auto parts supplier ended in a…
Creditors take over the helm at textile discounters
Textile discounter Takko The cheap fashion retailer slipped into crisis during the pandemic. Now there is a deal with his financiers. (Photo: dpa) Frankfurt The ailing cheap fashion retailer Takko…