Deutsche looks at moving HQ abroad
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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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Faced with rising costs and a tangle of regulations, more and more British firms are moving their operations abroad, often to China and Eastern Europe.
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The company sees its future in helping businesses migrate their IT systems to more flexible, SOA-enabled infrastructures; more details about the strategy are expected next month.
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A new facility for VW and Audi could take the edge off the companyâs currency woes. VW sales and marketing chief Georg Flandorfer, in an interview with Frankfurter Allgemeine Zeitung, said that steep losses
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Volkswagen again threatened to move jobs abroad as management sat down with unions to resume wage talks at a time when Europe's biggest car maker is seeking to impose controversial and painful cost cuts on its workforce.
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Germany's biggest bank - Deutsche Bank - is being investigated on suspicion that it may have manipulated its balance sheet.
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BRUSSELS/BERLIN - International air freight company DHL - owned by Deutsche Post AG - plans to quit Brussels as its night- flight hub and is eyeing airports in France and Germany, the company confirmed Thursday in a statement.
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The plan "provides for the majority of the cuts to be in Germany, with a heavy emphasis on managing and engineering," the company said in a statement.
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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.
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In July, German auto parts maker, Continental, clinched a major deal to acquire Siemens VDO. Now the company must integrate a company nearly its own size.
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The company behind the weekly "Top 20" seeks overseas expansion.
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Business: 9 November 2004, Tuesday. Apartments in Frankfurt and Amsterdam, an office in Paris and two houses in Zimbabwe's capital Harare are in process of changing ownership from the bankrupt flag carrier ...
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Siemens, the quintessentially German engineering group, is planning to hold the bulk of its senior management meetings in English in further evidence of the impact of globalisation on German companies.
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Software maker expected to make leadership changes in Windows and online services units. Two prominent outside hires are expected to be looking for new opportunities.
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Just how much back-office work can be sent abroad, and how quickly, is a matter of some debate. But everyone thinks it will grow explosively as earlier waves of outsourcing did.
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The office furniture maker is producing impressive growth overseas.
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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