ThyssenKrupp has received an emergency loan of about one billion euros from the state of the credit institution for reconstruction (KfW)....
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British trade unions are shocked by the decision of British Airways for the dismissal of 12 thousand employees
British Airways notified the unions about the restructuring programme that will affect the majority of employees and"can lead to a reduction of...
ThyssenKrupp starts the restructuring of the springs and stabilizers in Germany
a New business concept suggests a broader automationtion and robotization of production, which will lead to the elimination of about 490 jobs....
BBC: Airbus began massive layoffs in the UK
the Aerospace giant plans to lay off 3,200 people at its plant in North Wales. The government is prepared to Fund sent to the homes of employees, so...
Skoda resumed production at one of the largest car factories of Europe
the Largest exporter of Czech Republic, Skoda Auto car plant resumed production on Monday after the abolition of rigid quarantine in the country....
Commercial vehicle sales in Europe have halved
Registration of commercial vehicles in the European Union in the first quarter decreased by 23.2% falling 47.3 percent in March....
The head of Airbus has warned that the company is "hemorrhaging at an unprecedented rate"
In response to the pandemic Airbus have already started to implement schemes of forced leave and said that it will cut production of their...
Tata Steel asks the UK government half a billion pounds
In the words of British member of Parliament Stephen Kinnock, Tata Steel needs state support in the amount of about 500 million pounds to tackle the...
EU leaders have approved a program of emergency support to the economy to 540 billion euros
the European Union restarts the economy of the bloc, according to the President of the European Commission, we are talking about trillions of euros...
Europe reduced coal imports to the lowest in 30 years
the EU abandon coal in favor of cheapening gas and renewable energy....
ArcelorMittal will close the second blast furnace at a plant in FOS-sur-Mer due to the lack of steel demand
the Largest steel company in France, will cease to produce steel until the authorities will not take control of the situation with the coronavirus in...
The manufacturer's profit of Kone elevators has fallen by 10% and it pleased the management and investors
Analysts predicted a much stronger decline in sales of the Finnish company, and therefore after the release of the report of Kone shares jumped...
In the UK, rising steel prices due to the weakening pound
April 16 the UK government has announced the extension of the quarantine, at least for another three weeks....
Europe is trying to get back to "normal life" after COVID-19
In Europe there is no clear idea of what can be called "normal life" after the lifting of the quarantine....
The new head of Aston Martin decided to concentrate on the production of SUVs
the Company plans to resume production of cars from 27 April....
The European automobile manufacturers Association has adopted guidelines for the renewal of the automotive industry of the EU
as soon As the crisis ends, it is vitally important to both producers and vendors can quickly and simultaneously to organize the work of their...
The European Commission adopted a roadmap for the lifting of the quarantine
Road map developed in response to the call of the European Council of 26 March on the coordinated release of restrictions....
Italian Arvedi forever closes the blast furnace at its plant Ferriera di Servola
One of the largest Italian producers of cold-rolled steel adopted announced the halt of two blast furnaces....
French workers demand from the President of Macron explanations
Industry of France "extremely concerned" the current situation with the pandemic and demands from the authorities a clear strategy of...
Ferrari delays the restart of the plants in Italy until may 3
because of the epidemic of the coronavirus, the Italian authorities decided to extend the restrictive measures imposed across the country. Now...
Protesters in the Netherlands destroyed four cell towers 5G
Followed by the UK, the pandemic fear of the new standard for high-speed communication covers other countries in Europe....
Airbus will cut aircraft production by a third due to coronavirus
Following stable commercial and industrial performance at the beginning of the year, Airbus is currently revising its operating performance...
The Eurogroup have not reached agreement about the aid package the EU economy
the European Commission on Tuesday began the study pessimistical scenario in which a pandemic COVID-19 will cause a downturn in the economy unit,...
Voestalpine says about 40 million euros of losses due to pandemic COVID-19
the Largest Austrian steel company announced the one-time write-offs of € 40 million due to the impairment of assets as a result of the pandemic....
ArcelorMittal prints the details of a ventilator on a 3D printer in Spain
the Apparatus of artificial lung ventilation and face shields are essential equipment needed to combat coronavirus....
The European Union will increase the duty on American goods in response to the extension of tariffs on steel in the USA
the U.S. imposed import duties on steel and aluminum in 2018 for reasons of protection of national security. Under the rates were about 40 billion...
ACEA: the pandemic has hit one million jobs in the automotive industry EU
About half of all employees in the automotive sector, the European Union sent home in connection with the quarantine measures in the EU....
Lamborghini launches production of medical masks and protective flaps
Italian avtostroitel Automobili Lamborghini plans to produce one thousand masks a day, and medical shields — 200. Products will be tested for...
The wholesale price of gasoline and diesel fuel in Europe in March fell by 30-50%
the Price of oil in the European market dropped this week below $ 20 per barrel....
Euronews: COVID-19 in Italy may cause social unrest, looting and violence
Hungry residents of a number of Italian municipalities forced the owners of small shops to distribute free food....
