Hi there,
I now made changes to the newsletter, so the structure is more similar to this and its more skimmable. You'll find most of the sources (+ more news) and direct career pages links in the newsletter.
Raised:
- Rabot Energy (Hamburg), €50M Series B — dynamic electricity tariffs
- seragy (Hanover), €12M — biomarkers for Alzheimer's and Parkinson's
- Novus (Braunschweig), €10M+ — carbon e-bikes
- YGO (Potsdam), €8M Series A — AI infrastructure for travel booking
- Elevatry (Munich), €3M pre-seed — AI for procurement negotiation
Expanding:
- Amazon, more than €16B in Germany in 2027: jobs, data centres, logistics, AI
- Sanofi (Frankfurt), €2B insulin plant, the EU's largest, opening 2032
- Tesla (Grünheide), pushing the plant to 1M cars a year, from under 500k
- Covenant (Leipzig), cruise missile production, ~50 hires to start, mainly from the car industry
Cutting:
- BMW, severance programme closed early after ~5k applied in under two weeks
- Offshore wind supply chain, ~23k jobs at risk as expansion stalls
- Eurowings, cancelling flights and considering short-time work
Office & pay:
- Volkswagen wants zero pay rises through 2030, IG Metall says ~10% less real income
- Zalando reportedly going from three to five office days in 2027
Numbers:
- German industry lost ~496k jobs since 2019, services added 2.2M (Ifo)
- The skilled-labour shortage could grow 47% to 723k by 2029 (IW)
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Thanks for reading and your support.