Schaeffler announces job cuts
Structural measures to increase competitiveness Schaeffler AG is planning structural measures to improve its competitiveness. According to its press release, the Herzogenaurach-based automotive supplier is responding to the challenging market environment. Schaeffler also points to the increasing global competitive intensity and the ongoing transformation, particularly in the automotive supplier industry, in this regard. The measures decided upon have a regional [...]
Telekom switches off 2G network
Improved network coverage for rural areas planned Telekom AG, a German telecommunications company that is among the largest worldwide, plans to fully shut down its 2G network (GSM) on 30 June 2028. As a result, old mobile phones without newer standards such as 4G and 5G will no longer be usable. By shutting down the outdated network, Telekom intends to utilise the freed-up […]
BMW: Factory of the year 2024
Award for Regensburg Plant The BMW Group has received the „Factory of the Year“ award for its vehicle plant in Regensburg. The award for the Regensburg factory is in the „Outstanding Series Production“ category. According to the company, the Regensburg plant is one of over thirty BMW Group production sites worldwide. Up to 1,400 vehicles are produced there per working day […]
Rentschler Biopharma: Construction of a new plant in Laupheim
Rentschler Biopharma SE is planning to build a new buffer media station at the company's headquarters in Laupheim. According to Rentschler's press release, the aim of the new facility is to increase production efficiency. It is also intended to modernise the site in order to be able to meet future demand. It is the company's largest single investment in Germany.
Schneider Electric exhibits at Belektro 2024
Trade fair for electrical, digital and building technology in Berlin Schneider Electric will be exhibiting products for residential and commercial construction at the upcoming Belektro in Berlin. Belektro is a trade fair for electrical, digital and building technology, which usually takes place every two years at the exhibition grounds under the Funkturm. The next date for Belektro is […].
HHLA signs declaration of intent on environmental protection
Decarbonisation of international shipping Hamburger Hafen und Logistik AG (HHLA) has joined the “Hamburg Declaration on the Decarbonisation of Global Shipping”. The CEO Angela Titzrath signed a declaration of intent to this effect at the Hamburg Sustainability Conference 2024. The goal is to advance the decarbonisation of international shipping and align it with global climate objectives, particularly the […]
Climate strategy and energy transformation in intralogistics
Publication of the SSI SCHÄFER Group's third sustainability report The SSI SCHÄFER Group has published its third sustainability report, documenting the company's continuous efforts in the field of sustainable development. The report provides a comprehensive overview of concrete measures, goals and aspirations aimed at creating a more sustainable future. A central concern of the activities is [...]
Ikea: 50 years in Germany
Five new openings in the anniversary year Ikea has now been in Germany for 50 years. On 17 October 1974, the Swedish furniture retailer opened its first German branch in Eching near Munich. Since then, Ikea's branch network in Germany has grown significantly. The company is now celebrating its entry into the German market fifty years ago with, among other things, five new openings. […]
About You raises forecast
Optimism despite generally stagnating online retail. About You has raised its outlook for the 2024/2025 financial year. The Hamburg-based online retailer has announced the new forecast following better business figures for the first half of 2024/2025. The EHI Retail Institute had written at the beginning of October that e-commerce sales were stagnating. In its press release on the results of the latest study […]
Deutz: Cost reduction
Growth strategy and planned cost reduction. Deutz has recently announced a cost-saving programme. According to its press release, the Cologne-based engine manufacturer intends to counteract the cyclical decline in demand with this programme. Deutz presented this cost-saving programme as part of its Capital Markets Day last Wednesday. At the same time, the company provided information on the further development of its strategy, called „Dual+“. Solutions along the value chains. At its core [...]