Job fears as Deutsche culls chiefs
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Deutsche Bank is streamlining the management of its investment banking arm, raising fears that jobs may be lost in the City. The German bank is reducing the number of executives running its investment banking
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Volkswagen AG, Europe's biggest carmaker, is threatening to slash 30,000 jobs to force unionized employees to accept a pay freeze in the latest and largest labor-management confrontation this year in Germany.
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A confederation of German unions warned Tuesday that a decision by Finnish group Nokia to close its plant in western Bochum threatened the region's economic future.
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ENIOR British Airways executives face the sack after the staff shortage fiasco that crippled the airline&#39;s operations at Heathrow last week and threatens to do the same this bank holiday weekend.
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The German government appointed a new chief for its so-called "Five Wise Men" panel of economic advisers in a move aimed at defusing a highly public spat that observers say is damaging the body's reputation.
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Deutsche Bank said Ulrich Cartellieri, a key member of its supervisory board and an opponent of chief executive Josef Ackermann, told the board he intends to step down &quot;due to differences of opinion on the bank's strategy&quot;.
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German business confidence is tumbling amid mounting fears about the impact of the euro&#39;s rise against the dollar, according to the closely-watched Ifo economic institute survey.
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The top party manager of Germany's opposition Christian Democrats (CDU) resigned on Wednesday over a payments row, adding pressure on party chief Angela Merkel ahead of two key state elections in coming months.
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FRANKFURT Joseph Ackermann, the Deutsche Bank chief executive, announced a much-anticipated personnel shake-up Tuesday aimed at solidifying leadership in its profitable investment banking business and restoring confidence in its commitment to Germany, the
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Mehmet Dalman is set to resign as head of Commerzbank Securities in the next few days after disagreements with the management of Germany&#39;s third largest bank over the strategy of its investment banking unit, according to bankers.
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From assembly lines to retail counters, these are bitter and confusing days for German workers.
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Airbus faced growing paralysis on Tuesday over plans to axe thousands of jobs as French and German politicians quarrelled over the cuts and Berlin dampened hopes of a quick solution at a bilateral summit this ...Comment
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Deutsche Bank is considering relocating its headquarters from Germany as part of an intensive restructuring, Rolf Breuer, chairman of the bank's supervisory board, reveals today.
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German leaders on Friday scrapped a proposal to create an extra working day by moving the holiday marking German reunification, bowing to a swell of criticism that the government had lost respect for the nation's history.
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Ver.di -- the giant services sector union -- said on Thursday that more than 61,000 employees of Deutsche Telekom could be affected by company plans to spin off some services activities, such as call-centres, many more than originally estimated.
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The German had previously ruled out retaining the job and insisted it should go to another senior figure from the European Tour. However, in a news conference after Europe&#39;s crushing 18 1/2-9
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Employees of KarstadtQuelle, the ailing German department store chain, were scheduled to hold meetings at sites all across the country to discuss management's massive restructuring plans that could affect up to one job in every five within the group.