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Saxony's mechanical engineering sector has recorded an increase in total sales for the third time in a row. Nevertheless, geopolitical tensions, bureaucracy and staff shortages continue to pose challenges.
The Federal Ministry of Economics has expressed its disappointment at the closure of solar module manufacturer Meyer Burger's plant in Saxony. "The news from Freiberg is depressing," explained Parliamentary State Secretary Michael Kellner on Tuesday. He added that they were aware of the very serious ..
The solar manufacturer Meyer Burger has sealed the final end for its site in Freiberg, with more than 400 employees losing their jobs.
The automotive supplier Vitesco has earned significantly more in its day-to-day business. For the year as a whole, the Regensburg-based company achieved earnings before interest and taxes of 341.1 million euros, adjusted for special effects, as announced on Friday. This was a good half more than in ..
The Left Party has long been critical of the limit on new debt laid down in the German constitution. It sees the Meyer Burger solar plant in Saxony as a victim - and appeals to the Chancellor.
Saxony's Minister President advocates protection of the local economy and increases pressure on the federal government in view of the closure of a solar plant in Saxony.
Deputy Chairman of the CDU Andreas Jung accuses the German government of failing to act following Meyer Burger's announcement to close its solar module plant in Saxony.
The solar company Meyer Burger is preparing to close its plant in Freiberg in order to save costs and increase production in the USA.
According to the industry association VDMA, the eastern German mechanical and plant engineering sector is actually weakening. However, an unusually high order intake at the end of last year is at least providing some optimism.
Saxony's Minister President Michael Kretschmer (CDU) has called for a rescue package for the solar industry from the federal government and the EU. The industry is important for the economic strength and sovereignty of Germany and Europe, said Kretschmer on Wednesday. The federal government and the EU must finally act. Otherwise, many jobs in the East would be at risk.
The German government is concerned about the possible closure of Meyer Burger's plant in Saxony and is holding talks with the company.
The German Solar Industry Association has called on the German government to support the establishment of large, competitive solar factories in Germany. "Otherwise, the train for a successful resettlement of the solar industry in Germany will have finally left the station," CEO Carsten Körnig told t ..
The solar manufacturer Meyer Burger says it is considering closing its plant in Freiberg, Saxony. The Swiss company presented a plan on Wednesday to reduce "unsustainable losses" in Europe and focus on the USA. "Part of the plan would unfortunately be the closure of the plant in Freiberg, Germany, a ..
The economic development of the eastern German mechanical and plant engineering sector continues to lose momentum. Only 62 percent of companies still rated their overall situation as positive in the third quarter, according to the eastern branch of the German Engineering Federation (VDMA) on Thursda ..
According to statistics, Saxony's mechanical engineering sector has recovered after being hit by the Corona pandemic. This was announced by the German Engineering Federation East (VDMA) on Thursday. According to the report, the industry recorded a nominal five percent increase in sales in 2022 compa ..