That means reduction, to dismantle or cut.
German car industry sheds 51,500 jobs in a year – The dip equates to almost 7% of the total workforce in the German auto sector. Faltering exports to China and the US play a role, as new tariffs raise barriers to entry in both these core markets.
“The US and China are currently the cause of major concerns.”
In Germany.
What’s not to like? This isn’t rocket science for businesses here. For businesses that are still here, I should say.
Germany’s biggest sports retailer considers moving production to China – Intersport eyes spare Chinese manufacturing capacity as Nike and Adidas back away from the country amid trade war.
One of the world’s largest sporting goods retailers is considering shifting production to China, just as brands including Nike and Adidas move production out of the country in response to US tariffs.
That means shift. As in shift work.
Tesla is reportedly looking to add a fourth production shift at Giga Berlin in Germany to double production in hopes of meeting a manufacturing rate of 500,000 vehicles annually.
Tesla has already ramped up its third shift, which helped the automaker obtain a weekly production volume of 5,000 vehicles per week, it confirmed in late March.
Managing Director Jochem Freyer from the employment agency in Frankfurt confirmed to rbb24 that Tesla has filled all of its openings for the third shift, and now the company is considering a fourth shift, which could help the company double its production output from 5,000 vehicles per week to 10,000.
But don’t you worry about that, New York Times. I know how the Germans tick and they’ll be churning out those factories again at full speed in no time.
The Federal Statistical Office said Monday that June industrial output was down 1.1 percent over the previous month with drops in the production of capital, consumer and intermediate goods. Economists had predicted a slight rise, but only energy sector production grew.
Deutsche Produktion sinkt überraschend – Ökonomen hatten einen neuen Schub für die deutsche Wirtschaft erwartet. Doch sie wurden enttäuscht, die Industrieproduktion gibt nach. Experten machen dennoch Hoffnung.
Observing Hermann 