Ciena

Some are expanding their workforce, others are reducing it. Today we have two quarterly figures and updates on the car sales figures! Have a nice long weekend.

𝗘𝘂𝗿𝗼𝗽𝗲 🌍:

1. 𝘙𝘩𝘦𝘪𝘯𝘮𝘦𝘵𝘢𝘭𝘭 𝘮𝘢𝘴𝘴𝘪𝘷𝘦𝘭𝘺 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘦𝘴 𝘱𝘦𝘳𝘴𝘰𝘯𝘯𝘦𝘭

Rheinmetall, Germany's largest armaments group, wants to hire massive numbers of people. "We want to hire several thousand people worldwide every year in order to realise our growth," Group CEO Armin Papperger told the Handelsblatt. In Germany alone, about 1000 jobs will be created this year. According to the Rheinmetall boss, 700 of these have already been filled.

There are currently just under 1,300 vacancies on the company's careers page, up from 750 in June 2021. More than 900 jobs are now available in Germany, most of them in Unterluess, Kassel and Bremen.

🟩 Rheinmetall $RHM (-1,89 %) (🔼 +5,63 %)

New job opportunity or portfolio growth? https://bit.ly/38Ko5bu

2. 𝘊𝘢𝘳 𝘴𝘢𝘭𝘦𝘴 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘵𝘰 𝘥𝘦𝘤𝘭𝘪𝘯𝘦

The German car market is firmly in their grip due to a lack of resources and the economic impact of the war in Ukraine. As the Federal Motor Transport Authority (KBA) announced on Friday, new registrations fell by 10 % in May to around 207,200 vehicles. Car sales had already fallen drastically in the previous two months.

"The parts availability problem is not going to go away anytime soon," an industry spokesman said. With the exception of Mercedes-Benz and the Stellantis subsidiary Opel, all the major German carmakers recorded declines in sales.

🟥 $VOW3 (+1,32 %) (🔽 -0,99%)

More on that here: https://bit.ly/3PWx5ev

𝗔𝗺𝗲𝗿𝗶𝗰𝗮🌎:

3. 𝘏𝘪𝘳𝘪𝘯𝘨 𝘧𝘳𝘦𝘦𝘻𝘦 𝘢𝘵 𝘛𝘦𝘴𝘭𝘢

Electric car company Tesla is reportedly planning to lay off around 10% of its 100,000 employees and stop hiring new staff. In an internal email obtained by Reuters news agency, company CEO Elon Musk said: "I have an extremely bad feeling about the economy." On Thursday, all Tesla executives received an email with the subject line "stop all hiring worldwide". Tesla had previously posted about 5,000 jobs on LinkedIn, ranging from sales in Tokyo to engineers at its new Berlin Gigafactory and deep-learning scientists in Palo Alto. The planned job cuts have not yet been officially announced by the carmaker.

🟥 Tesla $TSLA (-4,32 %) (🔽 -8,17%)

More to the stop: https://bit.ly/3PYYNHu

𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗖𝗮𝗹𝗹:

Ciena Corp $CIEN (-2,37 %)

Ciena (NYSE:CIEN) Corp reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

EPS: 🟥 0.54 $ expected vs 0.50 $ published; Difference: -7.59%

Umsatz: 🟥 950.86 Mil. $ expected vs 949.23 Mil. $ published; Difference: -0.17%

Source: https://bit.ly/3x4LHzU

Lululemon $LULU (-1,51 %)

EPS: 🟩 1.43 $ expected vs 1.48 $ published; Difference: 3.34%

Umsatz: 🟩 1.55 Bil. $ expected vs 1.61 Bil. $ published; Difference: 4.37%

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Time: 17:00 CEST

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𝗴𝗲𝘁𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟬𝟯.𝟬𝟲.𝟮𝟬𝟮𝟮

Hello getquin,

some are adding staff, others are shedding. Today with it still two quarterly figures and still updates on car sales! Beautiful long weekend you.

𝗘𝘂𝗿𝗼𝗽𝗮🌍:

1. 𝘙𝘩𝘦𝘪𝘯𝘮𝘦𝘵𝘢𝘭𝘭 𝘣𝘢𝘶𝘵 𝘮𝘢𝘴𝘴𝘪𝘷 𝘗𝘦𝘳𝘴𝘰𝘯𝘢𝘭 𝘢𝘶𝘧

Rheinmetall, Germany's largest defense contractor, plans to hire massive numbers of people. "We want to hire several thousand people worldwide every year to realize our growth," Group CEO Armin Papperger told Handelsblatt. In Germany alone, some 1,000 jobs will be created this year. According to the Rheinmetall boss, 700 of them have already been filled. There are currently just under 1,300 vacancies on the company's careers page, up from 750 in June 2021. More than 900 positions are now available in Germany, most of them in Unterluess, Kassel and Bremen.

🟩 Rheinmetall $RHM (-1,89 %) (🔼 +5,63 %)

New job opportunity or portfolio growth? https://bit.ly/38Ko5bu

2. 𝘈𝘶𝘵𝘰-𝘝𝘦𝘳𝘬𝘢𝘶𝘧𝘴𝘻𝘢𝘩𝘭𝘦𝘯 𝘴𝘪𝘯𝘬𝘦𝘯 𝘸𝘦𝘪𝘵𝘦𝘳

The German car market is firmly in their grip due to a lack of resources and the economic impact of the war in Ukraine. According to the Federal Motor Transport Authority (KBA) on Friday, new registrations in May fell by 10% to around 207,200 vehicles. Car sales had already fallen drastically in the previous two months.

"The parts availability problem is not going to go away anytime soon," an industry spokesman said. With the exception of Mercedes-Benz and Stellantis subsidiary Opel, all of Germany's major automakers reported declining sales.

🟥 $VOW3 (+1,32 %) (🔽 -0,99%)

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