Shifts in Debt Brake Policy Prompt Debate in Germany
Germany's strict fiscal debt brake rules are under review, with politicians and economists clashing over reform.
The Economy
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Aldi Suisse Leads Wage Increases Among Swiss Retailers
Aldi Suisse announced a 1.3% pay rise for all employees, raising the bar for wages across Swiss retail.
Volkswagen: Workers Strike as Company Faces Economic Downturn
Tens of thousands of Volkswagen workers across Germany have gone on strike as the automaker grapples with a serious economic downturn.
GameStop to Close All German Stores by Early 2025
GameStop is shutting down all its physical retail locations in Germany, ending its presence in the country.
Germany's Labor Market Faces Critical Need for Immigrant Skilled Workers
A Bertelsmann Foundation study warns that Germany's aging workforce creates a critical shortage of skilled workers.
Bosch Announces Massive Job Cuts
Bosch is cutting around 5,000 jobs globally, with roughly 3,800 positions being eliminated in Germany.
Germany's Healthcare Sector Struggles with 47,400 Unfilled Jobs
Germany's healthcare system faces a shortage of roughly 47,400 skilled workers, creating both pressure on services and openings for internationally…
Germany Considers Debt Brake Reform
Major German parties are negotiating a possible reform of the Schuldenbremse debt brake.
Volkswagen and Rivian Forge $5.8 Billion Partnership to Accelerate Electric Vehicle Development
Volkswagen has committed $5.8 billion to a joint venture with US electric vehicle maker Rivian.
After Germany's Coalition Breakdown: Debt Brake and Defense Funding
Germany's three-party coalition dissolved over disputes on defense funding and the debt brake.
Germany Avoids Recession with Surprise Q3 Economic Growth
Germany narrowly escaped a technical recession in Q3 2024 as Destatis reported unexpected GDP growth.
Volkswagen to Close Multiple German Plants Amid Sales Decline
Volkswagen plans to close at least three German factories as part of a cost-cutting strategy amid falling sales.