European Economics Thread

[sunnymaxi]

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Notice the participants in the study.

this market is basically two horse race. Rolls Royce and General Electrics. why Safran didn't enter in this field in 70's just like other players as they could have won some contracts from Airbus.

maybe they didn't have technology back then.

Both China and Russia recently build open air bench test facility for large turbofan engines. PD-35/CJ-2000.. its a historical shift from western led large aviation Engines industry. not saying they will compete with them but at least both can capture their domestic markets.

 

[Overbom]

Dum, Germany is really going down lol

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Thyssenkrupp to slash 40% of steel jobs in latest blow to German industry​

Division to shed 11,000 roles amid oversupply in Europe and rise in cheap China imports

Thyssenkrupp is planning to slash its steel workforce by 40 per cent, dealing the latest blow to German industry as it warned of oversupply in Europe and “a rise in cheap imports” from China.

Germany’s largest steelmaker on Monday said it aimed “to cut around 5,000 jobs by 2030 through adjustments in production and administration”, with a further 6,000 roles “to be transferred to external service providers or shed through the sale of business activities”.

Alongside the job cuts, Thyssenkrupp Steel Europe said it planned to close a processing site and slash annual production capacity by up to a quarter to between 8.7mn and 9mn tonnes.

 

[gelgoog]

They can thank their stupid carbon taxes and stopping their purchases of Russian coal for this.
Now coal has to come from farther way, it is more expensive, and even it it wasn't there are those carbon taxes.

Their car industry also stopped exporting vehicles to Russia. They act as if their sanctions only damaged the Russian car industry but it also damaged theirs.