Tuesday, August 4, 2020

Manpower Cuts Coming

HR (our Hessen public TV network) did a brief business note today, with an announcement from the Frankfurt Airport.

Final words on the cut of manpower coming?  Between 3k and 4k employees will be given termination notices over the next couple of months.  With around 23k total employees now....they will downsize to around 19k (more or less).

This is the beginning of the Covid-19 effect on the economy and will trigger long-term issues for the region.  

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