Corporate Pink Slips Turn Germans Red
The headlines have come in quick succession. BMW on Wednesday announced it was eliminating 8,100 jobs, 7,500 of them in Germany. Engineering giant Siemens announced on Tuesday it was slashing 3,800 workplaces worldwide. And Henkel, which makes an array of household products from cosmetics to detergents, announced Wednesday it is cutting 3,000 employees -- the largest such cuts in company history.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.