Germany's Achilles' Heel: Falling Exports

German factories have long depended heavily on global orders. And as the crisis spreads overseas, shipments are sharply curtailed

In Eisenhüttenstadt, a traditional industrial city near the Polish border, residents are preparing for the worst. ArcelorMittal, the world's biggest steel producer, has reduced the hours of 1,600 of its 2,700 employees at its Eisenhüttenstadt plant and plans to eliminate 300 positions altogether.

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