N-TV put out a brief business note today....more job cuts coming in the future. This note involves Saturn and Media-Markt....the two big electronics companies of Germany (both owned by the same group....Ceconomy).
These jobs (3,500) to be cut? It'll be across several countries....not just Germany.
But one aspect was laid out.....more cuts will occur as the company looks at store-fronts which don't make that much in sales. Just here in the Wiesbaden region, we have three of them....so it won't surprise if one of the three goes away.
Driving force? Covid-19 aspects.
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