German industry group says country ‘permanently damaged’ as business venue
The German industry association for the metals and electronics sector, Gesamtmetall, or the Federation of German Employers' Associations in the Metal and Electrical…
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Deindustrialisation
Popular articles tagged "Deindustrialisation"
German steel output plunges to 2009-crisis lows
Germany’s steel sector has recorded its bleakest performance in more than 15 years, with crude steel production in 2025 falling to just 34.1 million tonnes.
French court liquidates appliance giant Brandt, 700 jobs to go
The French court pulled the plug on Brandt, the century-old appliance maker once seen as a pillar of national industry.
Germany as ‘business location in free fall,’ industry association warns
The Federation of German Industries (BDI), one of Germany’s major business associations, has warned the government of Chancellor Friedrich Merz that the economy…
China widens industrial lead over Europe but figures not straightforward
China has pulled ahead of Europe in terms of factory output but the numbers, and what they mean, were not as straightforward as they may look.
UK multinational’s boss warns half of Antwerp industry set to vanish
Jim Ratcliffe, the owner of UK multinational chemicals and energy giant INEOS, has warned that half of the industry located in Antwerp, Europe's second-largest port,…
German industrial giant Thyssenkrupp to be ‘virtually dissolved’
Germany's iconic industrial group Thyssenkrupp will be broken up and turned into a financial holding no longer producing steel.
German steel giant Thyssenkrupp sees profits tumble
German steel major Thyssenkrupp released disappointing quarterly results May 15 on the foot of weak European steel demand.
Industrial carnage: German giant Siemens to shed more than 6,000 jobs
Siemens, one of Germany’s biggest industrial conglomerates, has announced a tough cost-cutting programme that would see 5,600 jobs disappear in its Digital Industries…
Industry chief contradicts Scholz: ‘German deindustrialisation is real’
Nicole Grünewald, president of the Cologne Chamber of Industry and Commerce (IHK Köln), has dismissed German Chancellor Olaf Scholz's remarks about the state of…
Steel giant ArcelorMittal backs out of ‘green’ projects with industry’s future at risk
Luxembourg-based multinational steel manufacturer ArcelorMittal said it was delaying big investment programmes in Europe, citing uncertainties over European Union…
German deindustrialisation: Unions propose wage-rise delay to save VW plants
Workers unions in Germany have proposed that Volkswagen delay wage increases to save manufacturing plants in Germany.
EU deindustrialisation continues, drives down economic outlook
The European Union has had its economic outlook downgraded for 2025 as problems related to the continent's deindustrialisation continue.
US tobacco giant Philip Morris to close German plants as Europeans smoke less
US multinational tobacco giant Philip Morris has said it planned to close two German factories due to falling demand across Europe.
EU deindustrialisation: Audi to shut Brussels factory in February 2025
German vehicle manufacturer Audi has said it would shut its factory outside Brussels by the end of February next year, media outlets in Belgium have reported.
Sweden’s EV battery Northvolt lays off 840 workers as financial pressures bite
Swedish battery manufacturer Northvolt, which specialises in lithium-ion technology for electric vehicles, has announced it will lay off 840 people as it continues…
Despotic green policies lead to impoverishment and unemployment
As many have predicted, including in this column, the economic terrorism of government green extremists in one country after another has succeeded in splitting their…
Shutting down UK blast furnaces means outsourcing carbon emissions to China
Consider the misguided environmental policies that the British government is currently pursuing.
German chemicals giant BASF to shut plants at home while investing billions in China
German multinational BASF is sparking a heated debate about degrowth and deindustrialisation.
German Chamber of Commerce sees ‘alarming signs of gradual deindustrialisation’
Germany is showing worrying levels of gradual deindustrialization, a new survey has found.
Two in three German companies relocate abroad amid energy chaos
Two out of three German companies have at least partly relocated their operations abroad because of Germany's ongoing energy chaos, says consultancy firm Deloitte.
Breton brags about new German chip factory as businesses leave EU in droves
European Union internal market tsar Thierry Breton has lauded the announcement of a new €15 billion microchip factory in Dresden, Germany, as dozens of other companies…
European industry is disappearing. So be it? Not so fast. Brussels Commissioner dismisses view of former top economist
Brussels Commissioner Margaritis Schinas has distanced himself from Pierre Régibeau, the European Commission’s former chief economist.
Former EC chief economist: ‘If heavy European industry disappears, so be it’
Talk of European de-industrialisation is pure alarmism and lobbying, according to Pierre Régibeau. The European economy should be left to "adjust itself".
Germany now suffering ‘de-industrialisation’, says CDU leader
Germany is experiencing a "creeping process of de-industrialisation", Christian Democratic Union (CDU) leader Friedrich Merz has said.
Nearly half of SMEs ‘may end operations’ in Germany
Almost 50 per cent of small-to-medium enterprises (SMEs) in Germany are considering ending their operations there, research by an industry body has found.