Palfinger currently generates less than five percent of its consolidated turnover with the defense industry. However, the technology and crane manufacturer expects "above-average growth" in the defense sector. The establishment of an EU armaments fund worth billions gives cause for hope - also because this will help to smooth out fluctuations in demand in the construction industry.
Wage increase in the chemical industry from May for around 50,000 employees
The collective bargaining negotiations in the chemical industry have been concluded: Wages and salaries will increase by 2.65 percent from May 2025. The agreement includes minimum and maximum amounts as well as a fixed increase for higher job groups.
Digital innovation combines economy and ecology
Energy Communities generate and use energy together with a focus on renewable forms of energy. Digital platforms manage networking and administration for participating municipalities, companies and private individuals.
Temu, Shein & Co: Why Europe is becoming the new destination for cheap Chinese exports
Temu and Shein are flooding the European market with cheap products from China - triggered by new US punitive tariffs. Experts warn of billions in losses and call for tough measures from the EU. Is Europe threatened by a new flood of cheap goods?
MTU defies customs risks with record figures
Strong start to the year for MTU Aero Engines: In the first quarter, the engine manufacturer posted strong growth in sales and profits and exceeded expectations. But dark clouds are gathering on the horizon and casting a shadow over the current year.
Schaeffler struggles with industry weakness: Revenue declines, job cuts planned.
The German automotive and industrial supplier Schaeffler is feeling the economic downturn in the automotive industry: In the first quarter of 2025, revenue declines. Additionally, the company announces job cuts, primarily affecting locations in Germany and Austria.
Montana Aerospace with a strong start to the year – profit and revenue significantly increased in the first quarter
The Austrian aerospace and energy supplier Montana Aerospace is defying the weak market conditions among major customers such as Airbus and Boeing and reports a strong increase in revenue, profit, and EBITDA for the first quarter of 2025. The energy segment in particular is benefiting from the high demand for high-voltage infrastructure. The internationally active […]