Thursday, March 6, 2008

Germany – Home of Job Cuts ?

Several German Industrial Majors are on the move to cut jobs in a way to tackle the widening discontent amongst people. One after the other, several companies are announcing job cuts to report strong earnings in the fore coming quarters.

Some giants who announced job cuts are as follows –

. Siemens – 6800 cuts
. BMW – 8100
. Henkel – 3000
. Continental – 3800

These figures were announced by the companies that created some unrest amongst people as they were still looking for a concrete reason though these companies still produced good results YoY (Year over Year).

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