Mexican Joe: German multinational Siemens expanding investments in spite of unclear status with US - Controversial CETA: EU Parliament to vote on free trade deal with Canada - Refugees Could Boost German Economy
Labor unions have reacted angrily to layoff plans unveiled by the management of the German conglomerate, which aims to cut costs in its energy business to adjust to the disruption sweeping through the industry.
The German engineering giant has revealed the scale of difficulties faced by its power and gas unit, where profits fell 40 percent in Q4. Up to 6,000 job losses have been announced at its wind turbine business.
The German engineering giant is expecting bumper profits in the wake of a massive restructuring that will also cut thousands of jobs. But Siemens believes a new, leaner structure is vital for long-term growth.
Refugee family reunification in Germany was a major sticking point in preliminary coalition talks. DW explains how the process works – and why critics want to lift the current ban permanently.
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