BERLIN Germany's transition to a fossil-fuel free energy mix will be like undergoing "open-heart surgery" as the car, steel and renewable industries will need to work hard to stay competitive, its economy minister said on Tuesday.
FRANKFURT RWE , Germany's biggest power producer, will cut about 6,000 jobs, or nearly a third of its current workforce, by 2030 as the country moves to phase out brown coal as an energy source, the company said on Thursday.
Düsseldorf/Frankfurt/Hamburg Die angespannte Lage der Stahlindustrie hat einmal mehr Spekulationen über ein mögliches Bündnis der beiden deutschen Branchenführer Thyssenkrupp und Salzgitter angeheizt.
DUESSELDORF, Germany Utility Uniper could buy hydro plants and expand the lifespan of a Swedish nuclear plant it co-owns with top shareholder Fortum to help plug the gap from a planned phase-out of coal in Germany, its chief executive said.
FRANKFURT The majority of Thyssenkrupp's management board is leaning towards a sale of its 15 billion euro (£12.89 billion) elevator division, two people familiar with the matter said, citing the conglomerate's weakened balance sheet.
FRANKFURT/DUESSELDORF, Germany Thyssenkrupp's elevator unit, which has been put up for sale by the ailing conglomerate, will cut costs, add lucrative service contracts and boost factory efficiency in a bid to raise margins and increase its appeal to potential buyers.
Düsseldorf/Frankfurt Der kriselnde Thyssenkrupp-Konzern heizt das Bieterrennen um die milliardenschwere Aufzugssparte mit neuen Gewinnversprechen an.
* Reuters previously reported Ardian in the lead
(Adds details from press conference, Ardian comment)
DUISBURG/FRANKFURT Ailing conglomerate Thyssenkrupp has worked out a new strategy for the group's steel business, a leading labor representative said on Tuesday, adding the roadmap included significant investments but also restructuring steps.
FRANKFURT/DUESSELDORF, Germany German energy group E.ON plans a 500-million-pound break-up of the struggling British Npower division it inherited from Innogy , which unions said could put up to 4,500 jobs at risk.