For around 122 million euros: Chinese company buys Beyerdynamic
www.heise.de
The Chinese manufacturer Cosonic wants to buy the audio specialist Beyerdynamic. The business will then continue largely unchanged.
  • Señor Mono@feddit.orgEnglish
    0·
    18 days ago

    They say assembly will still take place in Germany and they keep their employees …

    It’s something.

    • Hubi@feddit.orgEnglish
      0·
      18 days ago

      It’s what every single German company getting bought by the Chinese says.

      • melechric@lemmy.worldEnglish
        0·
        18 days ago

        For a while it’ll be true. Then the strong German labor unions/laws will be seen as an impediment to profitability. Of course this won’t be spoken aloud. However, the assembly jobs will be moved back to China piecemeal. (Not fast enough to alert lawmakers and cause a commotion.) Until finally the entire operation is in China. The name (which is the valuable thing) will live on - affixed to a fully Chinese designed and manufactured item. Sold on Amazon to people who don’t know better.

  • Schmuppes@lemmy.todayEnglish
    0·
    18 days ago

    Following the coronavirus crisis, sales had collapsed, making restructuring measures necessary.

    How is that even possible? I get that their products aren’t cheap and sales might suffer from macroeconomic factors, but I sure would have thought that lockdowns and work-from-home have fuelled their sales.