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Dr. Nikolas Stihl, Chairman of the Supervisory Board of STIHL, is calling for a 40-hour work week without wage compensation to strengthen the German economy. He criticizes domestic issues like high costs and bureaucracy, emphasizing the need to increase work volume to maintain prosperity and the welfare state.
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Volkswagen has decided on a savings plan that includes the elimination of around 100,000 jobs worldwide. The company also plans to halve its model range and reduce R&D investments to increase profitability. However, experts criticize a lack of a forward-looking strategy.
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The Spectrum carrier rocket from Bavarian company Isar Aerospace reached orbit during a test flight from the Andøya Spaceport in Norway. This marks a European first for a privately developed rocket.
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The German carrier rocket "Spectrum" by Isar Aerospace has successfully reached a near-Earth orbit. This marks a milestone for German spaceflight, as emphasized by Federal Research Minister Baer.
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Chancellor Merz warned of further job losses in Germany's industrial sector. Volkswagen plans to cut 50,000 jobs and reduce its model range, with the future of four German plants uncertain.
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Isar Aerospace plans a new launch attempt with its Spectrum rocket after the first attempt failed last year after 30 seconds. The company states it has already secured orders worth several hundred million dollars until 2028.
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The tech industry is massively cutting jobs in 2026, with over 12,900 positions eliminated in Silicon Valley alone by September. This figure already exceeds last year's level by 27 percent and is attributed to investments in artificial intelligence.
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Dr. Nikolas Stihl of chainsaw manufacturer Stihl criticizes Germany's economic situation, calling for bold reforms. He points to a loss of 15 percent of industrial production and 15,000 industrial jobs per month. Stihl advocates for reducing bureaucracy, lowering labor costs, and incentivizing research and development.
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By 2040, 30 percent of Germany's working population will retire, slowing economic growth. McKinsey suggests Germany could achieve up to 2.6 percent growth by 2030 through productivity increases and higher labor volume.
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A survey of law students and legal trainees indicates that willingness to move to Saxony-Anhalt drops from 57.7% to 17.7% under a potential sole AfD government. This could worsen the existing staff shortage in the state's judiciary.
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