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Leuna Chemical Plant Faces Closure After Investor Search Fails

Halle – September 09, 2026 -- The insolvent chemical producer Leuna Polyamid has failed to secure a binding investor offer for its large plant in Leuna, Saxony-Anhalt, putting roughly 400 jobs at risk of permanent loss.

No binding investor offer has been received, CEO confirms

"We have unfortunately not yet received a binding offer from an investor," managing director Martin Naundorf told the Mitteldeutsche Zeitung. The company had been searching for a buyer to keep the polyamide and fertilizer production site operational.

Production continues through September to fulfill existing customer orders

The plant will keep running until the end of September to complete outstanding customer contracts, according to Naundorf. After that, management plans to shut down the facility itself, a process expected to take 15 to 20 days.

53% of European Mobile Users Open to Switching, Circles Finds

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53% of European Mobile Users Open to Switching, Circles Finds

Singapore – September 09, 2026 -- More than half of consumers across Europe's five largest telecom markets are open to switching mobile providers, according to new analysis from Circles, exposing widening cracks in traditional customer retention strategies.

53% of consumers across France, Germany, Italy, Spain and the UK are open to switching operators

The Consumer Insights: Customer Stickiness & Loyalty in European Telecommunications report finds switching intention varies sharply by country, age and exposure to low-cost rivals, undermining the case for a single pan-European retention playbook.