The managing director of the German Cultural Council, Olaf Zimmermann, criticizes in an interview the government's handling of the challenges posed by artificial intelligence in the cultural sector as mere window dressing and warns of the threat to jobs posed by the technology. #Kultur #KünstlicheIntelligenz #Jobsicherheit (translated)
We cannot afford to lose any functioning businesses. If companies cannot find successors, jobs, expertise, and value creation are at stake," said WKO President Martha Schultz today in a statement. #Betriebsnachfolge #Wirtschaft #KMU (translated)
The WKO and the Ministry of Economy are advocating for better framework conditions for business successions, as around 56,600 companies with nearly 780,000 jobs will be up for transfer by 2035, and successful successions are crucial for securing jobs and value creation. #Betriebsnachfolge #Wirtschaft #KMU (translated)
A new study shows that the mechanization of the shoemaking trade in Victorian England between 1851 and 1911 led to a loss of more than two-thirds of jobs, but at the same time created 140,000 new positions in other areas, highlighting that technological advancement often does not have the dramatic effects on employment that one might expect. #Sozialgeschichte #TechnologischerWandel #Schuhmacher (translated)
The Swiss tobacco company Villiger is discontinuing production at its traditional factory in Waldshut-Tiengen after 115 years and is gradually relocating it to Pfeffikon in Switzerland and Jember in Indonesia, resulting in the loss of about 40 jobs. #Villiger #Zigarren #Produktion (translated)
EFIEBER asked Karl Lauterbach if he was aware of Tesla's plans for the Grünheide site. According to the author, the US company planned an additional production hall there with around 536,000 m², an annual production of up to 1 million vehicles, and 3,500 additional jobs. EFIEBER wrote that Tesla's investments could benefit employees, suppliers, craft businesses, the local economy, as well as indirectly daycare centers, schools, and infrastructure. He described remarks from a German politician as completely out of place and stated that Tesla had long been part of the German automotive industry; the Model Y is produced in Germany. #Tesla #Deutschland #Automobilindustrie (translated)
Emanuel Boeminghaus stated that BMW plans to cut around 8,000 jobs by the end of 2027 and save one billion euros annually starting in 2028, according to company circles. Individual severance payments could exceed 650,000 euros. Due to high interest, the employee portal temporarily crashed. Boeminghaus cited a sales crisis as the reason: BMW deliveries in China fell by about 25 percent in the third quarter of 2026. The company had already issued a profit warning in June. The voluntary severance program provides for exit dates in March and October 2027. Boeminghaus interpreted the strong demand as a sign that many employees are willing to leave voluntarily despite the difficult situation in the German automotive industry. https://t.co/2O6jCz1zCQ #BMW #Stellenabbau #Automobilindustrie (translated)
Federal Chancellor Friedrich Merz (CDU) wrote on platform X about an investment signal to the industry and a good day "for motorists and for jobs in Germany, France, and Europe." #VerbrennerAus #Automobilindustrie #EUDekarbonisierung (translated)
Europe must be a continent that is innovative, invests, and produces while protecting the climate and securing our jobs; that is the core of our commitment. France's President Emmanuel Macron (48) wrote on X: "Europe must be a continent that is innovative, invests, and produces while protecting the climate and securing our jobs; that is the core of our commitment." #VerbrennerAus #EU #Klimaschutz (translated)
Federal Chancellor Friedrich Merz (70, CDU) wrote on "X" about an investment signal to industry and a good day "for drivers and for jobs in Germany, France, and Europe." #VerbrennerAus #EU #Klimaschutz (translated)
Federal Chancellor Friedrich Merz described the agreement with Emmanuel Macron as a good signal for drivers and for jobs in Germany, France, and Europe. Both had agreed on a package concerning freedom of choice, technological openness, and the preservation of climate goals, which Merz referred to as an investment signal to the industry. #Autofahrer #Investitionen #Klimaziele (translated)
That Merz wants to overturn the ban on combustion engines in the name of his fossil friends hardly triggers me politically regarding climate. The train has left. But from an economic perspective, it means the end for the German automotive industry and hundreds of thousands of jobs. And we all know who will pay for the madness. (translated)
The article criticizes that the promises of the federal government to promote Made in Europe and red-white-red jobs actually represent expensive protectionism. #MadeInEurope #Protektionismus #ÖffentlicheAufträge (translated)
The EU leaders acknowledge during their discussions in Brussels, in light of the global energy crisis and the associated loss of 20,000 jobs monthly in the industry, their extremely limited political and fiscal leeway, while the discussions about a tougher line against China unraveled due to a lack of united support. #Energiekrise #EU #China (translated)
The French automotive supplier OPmobility announces the closure of its plant in Sterbfritz, resulting in the loss of 460 jobs, as production is no longer economically viable due to declining demand and rising costs. #Autoindustrie #Zulieferer #Arbeitsplätze (translated)
The Austrian automotive supply industry cut 3,000 jobs last year, representing a decrease of four percent, and is under significant pressure due to a revenue decline of 5.5 percent. #AutoZulieferindustrie #Arbeitsplatzverluste #Technologieoffenheit (translated)
The Austrian automotive supply industry cut 3,000 jobs last year, which corresponds to a decline of four percent, while revenue also fell by 5.5 percent to 26.87 billion euros. #Autozulieferindustrie #Arbeitsplatzabbau #Technologieoffenheit (translated)
The takeover of Commerzbank by Unicredit is practically decided, which raises questions about the future German independence, the importance of Frankfurt as the main seat, and the potential loss of jobs. #Unicredit #Commerzbank #Frankfurt (translated)
The IMF and World Bank meeting highlights the various facets of Artificial Intelligence, which presents both economic opportunities for poor countries and risks for jobs and the financial system. #KünstlicheIntelligenz #Weltwirtschaft #IWFWeltbank (translated)
Co-CEOs Greg Peters and Ted Sarandos announced in an email to employees the elimination of around six percent of jobs. Sarandos had said a few weeks ago at a conference appearance that the company is growing slower than he would like. #Netflix #Stellenabbau #Streaming (translated)
