Thousands of Thyssenkrupp steel workers in Germany on Tuesday protested against planned job cuts, accusing bosses at the struggling conglomerate of mismanagement after a failed merger bid with Tata steel.
About 1,400 Air Berlin workers may
soon be out of a job, some as early as the end of this month, according to a
union paper obtained by AFP on Saturday.
The online English language section of famous German news magazine, Der Spiegel, is to be drastically cut. It is not making enough money, magazine bosses decided.
Germany's pro-business Free Democratic Party (FDP) said on Thursday that they planned to propose a blanket two-percent cut across all ministries in an upcoming meeting on the 2014 budget.
German Federal Bank President Jens Weidmann has called on the government to make bigger budget cuts than planned so far, because of the country's "special responsibility" to the euro.
An attempted manslaughter investigation has been launched after two police officers were seriously injured by a homemade shrapnel grenade during a demonstration against the government savings package in Berlin on Saturday.
The brawl between Angela Merkel’s government and Germany’s state leaders over tax cuts intensified sharply over the weekend with two conservative premiers vowing to vote against the cuts and one even threatening to resign.