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|BERLIN Air Jordan Retro For Sale Free Shipping , Sept. 28 (Xinhua) -- German machinery orders increased notably in August compared to the same month last year, industry association VDMA reported on Thursday.
According to VDMA, orders received in August increased by 10 percent in real terms year on year. Domestic orders edged up only 1 percent while foreign orders jumped 15 percent.
"Only the domestic demand was disappointing," said VDMA chief economist Ralph Wiechers, adding that "a small plus of 1 percent shows that the domestic orders have still not had a proper chance to get going."
Wiechers reminded that it is urgent that the new German government takes early action in order to advance the expansion of the digital infrastructure, in particular.
The machinery and equipment sector is the second largest industry sector in Germany. The fourth industrial revolution has already begun in Germany with the "Industry 4.0" project Air Jordan Shoes For Sale Free Shipping , according to Germany Trade & Invest, economic development agency of the Federal Republic of Germany.
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by Stefania Fumo
ROME, April 27 (Xinhua) -- Lufthansa said Thursday it had no intention of buying Italian air carrier Alitalia, making Alitalia likely to be placed under receivership after over 60 percent of employees voted against the management's latest turnaround plan and government warned it would not step in to nationalize the airline.
"We have a clear intention of not acquiring Alitalia Air Jordan For Sale Free Shipping ," said Lufthansa's financial director, Ulrik Svensson.
According to Ansa news agency, Lufthansa had been one of the options floated after Prime Minister Paolo Gentiloni rejected the idea of nationalizing the chronically loss-making carrier.
The government said it would seek a 300 to 400-million-euro (327 to 436 million U.S. dollars) bridging loan, with the EU's permission, to keep the airline flying while it looks for possible new investors.
The industrial plan approved on April 14 by management and unions following government mediation called for 980 redundancies, an 8-percent wage cut Jordan Retro For Sale Free Shipping , and shortened holidays from 120 to 108 days off per year. These would have accounted for one third of cuts in operating costs.
"It is the best possible agreement we could bring home under the circumstances. Workers are being asked to make sacrifices, but in exchange for recapitalization and investments for the company," CISL union secretary-general Annamaria Furlan told local Radio24.
"Alitalia cannot shut down," she warned.
A total of 10,173 workers took part in the referendum vote on the industrial plan. But in spite of warnings from union leaders and government that this was a last-ditch plan and that the airline would have no future without it, 6 Jordan Shoes For Sale Free Shipping ,818 of employees voted against it, the transportation local of Italy's largest trade union confederation, CGIL, said on Monday.
"We were disappointed at the result of the referendum. We are seeking solutions, but there can be no nationalization," Gentiloni said Wednesday. "The government is committed on the side of the workers Cheap Air Jordan Retro For Sale , citizens and consumers."
"We worked hard to reduce management demands," Industry Minister Carlo Calenda told RAI public broadcaster on Wednesday. "But we can't ask taxpayers to bear the brunt (of saving Alitalia)."
The government said it would extend the airline a six-month bridge loan of 300 to 400 million euros, and that it would name a special commissioner to navigate the company through the next phase.
If unions had approved the agreement, shareholders and investors would have unlocked recapitalization of 2 billion euros, including more than 900 million in new financing, Alitalia said in a statement.
"The current crisis will see the airline post losses of some 600 million euros on turnover of under 3 billion euros in 2016 Cheap Air Jordan Shoes For Sale ," CGIL-Filt union chief Nino Cortorillo said on the union's website. The airline, which has been in crisis since the early 1990s, has been unable to recover due to a series of "mistaken industrial plans and alliances," he wrote.
Alitalia has lost 20 percent of its traffic over the past two decades, with its short-haul business undercut by budget airlines and high-speed rail. Management has responded by reducing its fleet and its workforce and contracting out many operations, but this did nothing to staunch the financial hemorrhage Cheap Air Jordan For Sale , said Cortorillo.
The current crisis could spell chaos for thousands of passengers who may have trouble recouping their tickets should the airline fold. Alitalia flies to 94 destinations, including 26 Italian and 68 international destinations, with 4,200 weekly flights and 144 routes, according to its corporate website.
Calenda said that at this point the objective of the government "is to reduce costs for Italian citizens and travelers to a minimum."
Founded in 1947, Alitalia currently has an operating fleet of 122 aircraft and employs just over 12 Cheap Jordan Retro For Sale ,000 people worldwide, including flight and ground crews and administrative staff.
The Italian airline was rescued in 2015 by United Arab Emirates carrier Etihad, which bought a 49-percent stake in the troubled company. Italian shareholders, led by UniCredit and Intesa Sanpaolo banks, control the remaining 51 percent.
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