Nowadays I am a second year assistant professor (without tenure) in physics at a German university (rank W1, Juniorprofessor), advising 2 PhD students.
Today, it came to me the information about a permanent position abroad (in Europe) and I am strongly considering applying for it.
My problem is the following: the selection process had just started now, and I will not know the decision until middle july. The preference in the new institution is to start the new position is September 2015 (which means that between the decision and the start is less than 1,5 months).
My questions are the following:
At which point should I say something about this to my present institution: of course I do not know if I will be selected for the position, but I also understand that it is very bad for my present institution now to say them: "Well, I will leave the institution in one month."
At which point should I explain my Phd students about this change: this is definitely my most important headache. How should I present this point to them, and more important - when? Do you think it is good that I tell them that I want to apply for this position?