Schaeffler announces job cuts
Structural measures to increase competitiveness Schaeffler AG is planning structural measures to improve its competitiveness. According to its press release, the Herzogenaurach-based supplier is responding to the challenging market environment. Schaeffler also refers to the increasing intensity of global competition and the ongoing transformation, particularly in the automotive supply industry. The measures adopted have a regional [...]
Telekom switches off 2G network
Better network coverage planned for rural areas Telekom AG, a German telecommunications company that is one of the largest in the world, plans to completely shut down its 2G network (GSM) on June 30, 2028. This means that old cell phones without newer standards such as 4G and 5G will no longer be usable. By switching off the outdated network, Deutsche Telekom wants to free up the [...]
BMW: Factory of the year 2024
Award for Regensburg plant The BMW Group receives the "Factory of the Year" award for the vehicle plant in Regensburg. The award for the Regensburg plant is presented in the category "Outstanding Series Production". According to the company, the Regensburg plant is one of more than thirty BMW Group production sites worldwide. Up to 1,400 vehicles per working day are [...]
Rentschler Biopharma: Construction of a new plant in Laupheim
Largest single investment in the company's history in Germany Rentschler Biopharma SE is planning to build a new buffer media station at the company's headquarters in Laupheim. According to Rentschler's press release, the aim of the new facility is to increase production efficiency. It is also intended to modernize the site in order to be able to meet future demand. It is for [...]
Schneider Electric exhibits at Belektro 2024
Trade fair for electrical, digital and building technology in Berlin Schneider Electric will be exhibiting products for residential and commercial construction at the upcoming Belektro in Berlin. Belektro is a trade fair for electrical, digital and building technology that usually takes place every two years at the exhibition center under the radio tower. The next Belektro is scheduled for [...]
HHLA signs declaration of intent on environmental protection
Decarbonization of international shipping Hamburger Hafen und Logistik AG (HHLA) has joined the "Hamburg Declaration on the Decarbonization of Global Shipping". Chairwoman of the Executive Board Angela Titzrath signed a declaration of intent at the Hamburg Sustainability Conference 2024. The aim is to drive forward the decarbonization of international maritime shipping and to align this with global climate targets, in particular the [...]
Climate strategy and energy transformation in intralogistics
Publication of the SSI SCHAEFER Group's third sustainability report The SSI SCHAEFER Group has published its third sustainability report, which documents the company's ongoing efforts in the area of sustainable development. The report provides a comprehensive overview of specific measures, goals and efforts aimed at creating a more sustainable future. A central concern of the activities is [...]
Ikea: 50 years in Germany
Five new openings in the anniversary year Ikea Germany has now been around for 50 years. On October 17, 1974, the Swedish furniture retailer opened its first German store in Eching near Munich. Since then, Ikea's local store network has grown considerably. Now the company is celebrating its entry into the German market fifty years ago with five new openings, among other things. [...]
About You raises forecast
Optimism despite stagnating online retail About You has raised its outlook for the 2024/2025 financial year. The Hamburg-based online retailer is issuing the new forecast as a result of improved business figures for the first half of 2024/2025. At the beginning of October, the EHI Retail Institute wrote that e-commerce sales were stagnating. In its press release on the results of the current study [...]
Deutz: Cost reduction
Growth strategy and planned cost reduction Deutz recently announced a cost program. According to its press release, the Cologne-based engine manufacturer intends to use this program to counteract the cyclical decline in demand. Deutz presented this cost program at its capital market last Wednesday. At the same time, the company provided information on the further development of its "Dual+" strategy. Solutions along the value chain The core [...]