As drastic cuts loom at US automotive giant Ford’s plant in Cologne, labour leaders worry that the future of the carmaker’s German operations may now be in danger. Ford recently announced plans to axe 2,900 jobs in Cologne over the next three years. That amounts to about a quarter of the roughly 12,000 workers currently…
German carmaker Volkswagen is withdrawing from its controversial involvement in a factory in China’s Xinjiang province, which has attracted criticism over alleged human-rights abuses of the Uighur minority. Volkswagen sold the plant in the city of Urumqi, which was jointly operated with the Chinese state-owned company SAIC Motor Corporation as a partner, the Volkswagen Group…
Finnish fibre textile company Spinnova and Brazil’s Suzano have postponed the pre-engineering stage phase for their new wood-based fibre facility beyond the previously anticipated timeline of late 2024. In March this year, the two companies formalised their intentions through a Letter of Intent (LOI) for a new manufacturing site focused on producing wood-based Spinnova fibre….
Azerbaijan has concluded its first renewable energy auction, awarding the contract for a 100MW solar power project to Chinese company Universal International. The announcement was made during the COP29 United Nations climate summit in the country’s capital, Baku, held from 11 to 22 November 2024. Universal International Holdings emerged as the winner with a bid…
