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Lufthansa plans to cut 4,000 jobs by 2030
Lufthansa plans to cut 4,000 jobs by 2030, mainly in administration. The company aims to increase its financial goals and consolidate its various airlines.
Palla confirmed as new head of the railway
Evelyn Palla has been confirmed as the new head of Deutsche Bahn, despite opposition from the EVG union. Her appointment is part of a new strategy to improve the company.
EVG blocks election of new railway chief Palla
The EVG union plans to vote against the appointment of Evelyn Palla as the new railway chief, primarily due to the nomination of Dirk Rompf. This could strain future collaboration within the company.
Jerry Greenfield leaves Ben & Jerry's
Jerry Greenfield, co-founder of Ben & Jerry's, is leaving the company due to conflicts with Unilever over the brand's political positioning. He criticizes that the brand has been silenced and views this as a threat to social values.
Indonesian Fishermen Sue Holcim Over Climate Change
Indonesian fishermen are suing Swiss cement manufacturer Holcim for its responsibility in climate change and the resulting flooding on their island. This case is the first of its kind against a cement company in Switzerland.
VW convicted for slave-like labor
VW has been convicted in Brazil for slave-like working conditions during the military dictatorship and must apologize. The company plans to appeal the ruling.
Rail Chief Lutz is being replaced early
Rail Chief Richard Lutz is being replaced early as Deutsche Bahn struggles with a severe crisis. Transport Minister Patrick Schnieder announced a restructuring of the company's leadership.
US Coast Guard criticizes OceanGate for serious failures
A report by the US Coast Guard accuses OceanGate of serious failures in the design and testing procedures of the submarine 'Titan', which imploded in 2023. All five occupants died, and there are calls for stricter safety regulations for private deep-sea expeditions.
The Bahn reports smaller loss in the first half of the year
Deutsche Bahn reported a loss of 760 million euros in the first half of the year, showing improvement compared to the previous year. The company plans extensive investments for infrastructure modernization.
Trump's tariffs burden Ford with billions
Ford expects a burden of two billion dollars from Trump's import tariffs, which undermines its competitiveness against Japanese manufacturers. The tariffs result in significant financial losses for the company.
VW reports profit drop in the second quarter
Volkswagen reported a profit drop of 36.3 percent in the second quarter, mainly due to US tariffs and lower profit margins on electric cars. The company expects further declines in profit for the current year.
Intel abandons plans for chip factory in Magdeburg
Intel has definitively abandoned its plans for a chip factory in Magdeburg, leading to massive job losses. The company is struggling with significant losses and plans to cut a quarter of its workforce.
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