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Insolvencies: The number of company bankruptcies is increasing

The number of bankruptcies among German companies is expected to increase by 13 percent in 2024 compared to the previous year. Economists at the Hamburg-based Allianz subsidiary predict that this development will also affect Germany with a slight delay. The reasons for this are the persistently weak economic development, increased loan interest rates and the numerous structural challenges facing the German economy. In 2004, almost 40,000 corporate bankruptcies were registered, but in 2022 there ...
Milo Bogaerts Bernd Wei Statistical Office Allianz Trade Hamburg Based Allianz Federal Statistical Office

GDL vs. Deutsche Bahn: Many train cancellations due to warning strike by train drivers

The warning strike by the German Locomotive Drivers' Union (GDL) began late on Thursday evening. It is scheduled to last until Friday evening at 22 p.m. In freight transport, it had started a little earlier on Thursday. The biggest point of contention in the wage dispute between the railways and the union is negotiations on the reduction of weekly working hours. The current warning strike is to be the last this year, the GDL has agreed to a Christmas truce until 7 January.
Bernd Wei Claus Weselsky German Locomotive Driver Union Deutsche Bahn Deutsche Bahn Claus Weselsky

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