AGP Executive Report
Last update: an hour agoAutomotive Manufacturing: Schaeffler plans to cut 3,460 European jobs and close four German plants as the country’s car-sector crisis deepens. Pharma Manufacturing: Lonza is set to acquire Merck KGaA’s contract manufacturing business, reshaping the CDMO landscape. Factory Investment: BASF and Evonik have announced separate manufacturing investments, while MAN is promoting a programme to help manufacturers curb energy costs. Factory Outlook: UK output has reached a two-year growth high, but eurozone factory growth eased in October, leaving manufacturers facing uneven conditions. Industrial Policy: Italy wants Britain included in the EU’s “Made in Europe” initiative, while the UK warns against being excluded. Supply-Chain Security: Cyberattacks on supermarket refrigeration systems across Europe have raised fresh concerns about vulnerabilities in connected equipment and cold-chain operations.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.