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Germany, Business Timeline Wednesday, July 23     Author
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ECB set to mark 10 years Map of FRANKFURT Germany  The European Central Bank celebrates its 10th birthday with its reputation of steadfast stance on interest rates and quick action to supply banks Strike hits scores of flights  Bavaria: Airlines canceled more than 200 flights operating out of Frankfurt and Munich, Germany's two largest airports, because of a public workers' strike More raids in tax fraud scandal  Hamburg: Authorities investigating alleged tax evasion by Germans stashing money abroad mounted more raids in and around Munich and in Hamburg Deutsche Postbank posts 39% loss  Berlin: The bank saw profit drop in the 4th quarter over the previous year, but the German bank said it escaped the worst of the subprime fallout World markets plunge on U.S. fears

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Germany, Business Timeline Legend  
 Job Cut  Aviation Business  Macroeconomics

Siemens plans to cut 16,750 jobs


July 2008 ... more > Top ^

Jul. 8  
  Siemens plans to cut 4% of the workforce worldwide as the conglomerate streamlines its operations to weather the economic downturn



May 2008 ... more > Top ^

May.31


March 2008 ... more > Top ^

Mar.5


February 2008 ... more > Top ^

Feb.18
Feb.15  


January 2008 ... more > Top ^

Jan.21
   India: Stock markets were, prompted by pessimism about Bush's plans to boost the U.S. economy. India's Sensex stock index fell nearly 11%
 Frankfurt's DAX dropping 6.02%


year 2007 Top ^

Dec.19 German ire at EU fine on car CO2  Chancellor Merkel has opposed European Union plans to cut pollution from new cars, saying it was 'not economically favourable' Dec.4   Airlift airport to close   Berlin: Historic Tempelhof Airport, which played a key role in the airlift in the wake of World War II, will close to passengers in 2008 Nov.22 Airbus fears 'weak-dollar death'
  Hamburg: The weak dollar is threatening the survival of European planemaker, chief executive Tom Enders told workers Nov.15 Railroad strikes spread  Train drivers launched a strike on the passenger network, following freight train drivers off the job Opera legend Pavarotti dies at 71
Feb.28 Airbus to cut 10,000 jobs
  France: CEO Louis Gallois announced the restructuring plan: 10,000 jobs cut over four years; 4,300 in France, 3,700 in Germany
Feb.14   DaimlerChrysler cuts 13,000 jobs  The German-US group would close one Chrysler factory as it continues efforts to turn around the struggling US operation

year 2006 Top ^

Sep.29   VW workers agree to work longer  Volkswagen has struck a deal with unions to extend the working week of staff at 6 plants without an increase in pay Feb.10 Volkswagen to cut 20,000 workers  The carmaker is restructuring plans that are set to run until 2009. The shares jumped 8% to 54.79 euros

year 2005 Top ^

Mar.6 D Boerse withdraws from takeover   London: German stock exchange operator is withdrawing from a £1.3bn takeover bid for the London Stock Exchange

year 2004 Top ^

Nov.21   G-20 skirts sliding dollar  Berlin: Finance ministers have wrapped up a 2-day summit without making reference to the sagging value of the U.S. dollar Nov.19 Greenspan warns over US trade deficit  Berlin: US Federal Reserve chief has warned that the deficit in US trade cannot be sustained indefinitely Apr.16 Bundesbank boss resigns  Ernst Welteke has resigned following investigations into a hotel stay paid for by Dresdner Bank Mar.31 Afghanistan wins $8.2bn in aid
  Berlin: International donors have pledged $4.4 billion in new aid to Afghanistan for 2005


year 2003 Top ^

Dec.16   Joint plan to relieve Iraq debt
  The U.S., France and Germany have agreed on a plan to provide the Iraqi government with 'substantial' debt relief
Dec.15   EU's richest six urge budget cap  European Union: Germany, Austria, Britain, France, the Netherlands and Sweden have called for a drastic cut in financial aid to poorer nations Mar.13     Schroeder calls for 'massive effort'  Berlin: Chancellor has called for a 'massive joint effort' to revive the country's huge but flagging economy Feb.5   Unemployment hits new high  The number of people out of work rose 62,000 in January to 4.274 million Jan.18 Germany's economy worst since 1993. Berlin OPEC to raise daily oil output

year 2002 Top ^

Dec.18 Pay talks collapse

Germany, BusinessMajor Events in 21st Century

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ECB set to mark 10 years Map of FRANKFURT Germany  The European Central Bank celebrates its 10th birthday with its reputation of steadfast stance on interest rates and quick action to supply banks More raids in tax fraud scandal  Hamburg: Authorities investigating alleged tax evasion by Germans stashing money abroad mounted more raids in and around Munich and in Hamburg Deutsche Postbank posts 39% loss  Berlin: The bank saw profit drop in the 4th quarter over the previous year, but the German bank said it escaped the worst of the subprime fallout G-20 skirts sliding dollar  Berlin: Finance ministers have wrapped up a 2-day summit without making reference to the sagging value of the U.S. dollar Bundesbank boss resigns  Ernst Welteke has resigned following investigations into a hotel stay paid for by Dresdner Bank Afghanistan wins $8.2bn in aid




Germany, Business Financial Timeline ... See World Financial timeline Top ^
2008
May.31
Feb.18
Feb.15
2004
Nov.21
Apr.16
Mar.31
  Berlin: International donors have pledged $4.4 billion in new aid to Afghanistan for 2005
2003 Dec.16 Joint plan to relieve Iraq debt
  The U.S., France and Germany have agreed on a plan to provide the Iraqi government with 'substantial' debt relief
Dec.15 EU's richest six urge budget cap  European Union: Germany, Austria, Britain, France, the Netherlands and Sweden have called for a drastic cut in financial aid to poorer nations



Germany, Business Aviation Business Timeline ... See World Aviation Business timeline Top ^
2007 Dec.4 Airlift airport to close   Berlin: Historic Tempelhof Airport, which played a key role in the airlift in the wake of World War II, will close to passengers in 2008 Nov.22 Airbus fears 'weak-dollar death'
  Hamburg: The weak dollar is threatening the survival of European planemaker, chief executive Tom Enders told workers Feb.28 Airbus to cut 10,000 jobs
  France: CEO Louis Gallois announced the restructuring plan: 10,000 jobs cut over four years; 4,300 in France, 3,700 in Germany




Germany, Business Merger Timeline ... See World Merger timeline Top ^
2005 Mar.6 D Boerse withdraws from takeover   London: German stock exchange operator is withdrawing from a £1.3bn takeover bid for the London Stock Exchange



Germany, Business Automobile Business Timeline ... See World Automobile Business timeline Top ^
2007 Dec.19 German ire at EU fine on car CO2  Chancellor Merkel has opposed European Union plans to cut pollution from new cars, saying it was 'not economically favourable'



Germany, Business Macroeconomics Timeline ... See World Macroeconomics timeline Top ^
2003 Mar.13   Schroeder calls for 'massive effort'  Berlin: Chancellor has called for a 'massive joint effort' to revive the country's huge but flagging economy Jan.18 Germany's economy worst since 1993. Berlin



Germany, Business Trade Timeline ... See World Trade timeline Top ^
2004 Nov.19 Greenspan warns over US trade deficit  Berlin: US Federal Reserve chief has warned that the deficit in US trade cannot be sustained indefinitely



Germany, Business Stocks Timeline ... See World Stocks timeline Top ^
2008 Jan.21 World markets plunge on U.S. fears
   India: Stock markets were, prompted by pessimism about Bush's plans to boost the U.S. economy. India's Sensex stock index fell nearly 11%
 Frankfurt's DAX dropping 6.02%




Germany, Business Labor Conflict Timeline ... See World Labor Conflict timeline Top ^
2008 Mar.5 Strike hits scores of flights
  Bavaria: Airlines canceled more than 200 flights operating out of Frankfurt and Munich, Germany's two largest airports, because of a public workers' strike 2007 Nov.15 Railroad strikes spread  Train drivers launched a strike on the passenger network, following freight train drivers off the job 2006 Sep.29 VW workers agree to work longer  Volkswagen has struck a deal with unions to extend the working week of staff at 6 plants without an increase in pay 2002 Dec.18 Pay talks collapse



Germany, Business Job Cut Timeline ... See World Job Cut timeline Top ^
2008 Jul. 8 Siemens plans to cut 16,750 jobs
  Siemens plans to cut 4% of the workforce worldwide as the conglomerate streamlines its operations to weather the economic downturn
2007 Feb.14 DaimlerChrysler cuts 13,000 jobs
  The German-US group would close one Chrysler factory as it continues efforts to turn around the struggling US operation 2006 Feb.10 Volkswagen to cut 20,000 workers  The carmaker is restructuring plans that are set to run until 2009. The shares jumped 8% to 54.79 euros 2003 Feb.5 Unemployment hits new high  The number of people out of work rose 62,000 in January to 4.274 million