Foreign Minister Frank-Walter Steinmeier, who will challenge German Chancellor Angela Merkel next year, put forward an ambitious set of recipes Thursday to help Europe out of the economic slump.
Automaker Opel has requested that German Chancellor Angela Merkel advocate a €40 billion loan programme for the European auto industry, the <i>Frankfurter Allgemeine Zeitung</i> reported on Monday.
German logistics giant Deutsche Post is to slash up to 40,000 jobs, most in the US, as part of aggressive cost-cutting measures after losing billions, a German newspaper reported on Sunday.
Plans by Deutsche Telekom to close nearly half its call centres across Germany are set to affect blind and wheelchair-bound workers, according to a report by news magazine <i>Focus</i>.
Chancellor Angela Merkel's cabinet on Wednesday approved a stimulus package aimed at helping Europe's biggest economy and the world's top exporter avoid the worst effects of a sharp global slowdown.
Chancellor Angela Merkel gave details on Tuesday of measures aimed at boosting slowing growth in Germany, calling the package a "bridge" for Europe's biggest economy until it picks up again in 2010.
The German government is putting together a €30 billion economic stimulus plan as the economy worsens, according to press reports published on Sunday.
The German government is reportedly planning an ambitious aid package for small and medium businesses, the backbone of the German economy, to help them survive the credit crisis.
Thousands of members of IG Metall, Germany's biggest industrial union, walked off the job in a series of limited strikes early Saturday morning to demand an eight percent pay increase in the metalworking and electronics sectors.
The number of people unemployed in Germany fell below three million for the first time for 16 years in October, data from the Federal Labour Agency showed on Thursday.
A large majority of Germans would back partial nationalizations within strategic sectors to protect them against potential foreign takeovers, a poll published in weekly magazine <i>Stern</i> on Thursday showed.
The Internet auction site Ebay is relocating its marketing and technology departments from Dreilinden near Berlin to London and Zurich, the business magazine <i>Wirtschaftswoche</i> reported this week citing company insiders.
German carmaker Daimler, hit by falling demand amid the global financial crisis, plans to suspend production for a month beginning in December, as woes continue to pile up for the global auto industry in the growing recession.
German chancellor Angela Merkel warned of tough times ahead for the world's third largest economy due to the global financial crisis, and called for a comprehensive overhaul and more oversight of the financial system.
The majority of Germans remain full of hope for the future despite growing panic about the worldwide financial crisis, according to a poll published on Wednesday by German weekly <i>Stern</i>.
Germany's leading retailer Metro is to slash "hundreds of jobs" across the country as part of a radical restructuring plan, according to a newspaper report.
The German job market is proving resilient despite turbulence on the global financial market, as figures released on Tuesday showed unemployment in Europe’s largest economy sank to its lowest level in 16 years in September.
The German trade union IG Metall said on Tuesday it will demand a hefty eight percent pay increase for 3.6 million workers in the metallurgy and electronics industries.
German Family Minister Ursula von der Leyen on Friday said too many of the country’s companies still made it difficult to have a career and a raise a family.
Frank Bsirske, head of the Verdi labour union, has warned against the growth of the low-wage sector in Germany, saying the country is well on the way to creating a US-style class of working poor.
Powerful German trade union IG Metall called Monday for a pay hike of seven to eight percent for the 3.5 million employees in the metalworking, electrical engineering and automaking sectors.
The German department store Karstadt will cut up to 450 administrative posts at its headquarters in western Essen, a company spokesman said on Tuesday.
The number of German unemployed eased more than expected in August, but some analysts said the good news would likely be temporary as Europe's biggest economy slows down.
