FT.com / Europe - Job cuts to follow German elections.
Germany faces a potential wave of corporate restructurings, some of its top managers say, because companies have deferred job cuts to help ensure the re-election of a business-friendly government at next month’s federal elections.
Senior managers and institutional investors say there has been an implicit “pact” not to announce big job cuts ahead of the September 27 ballot.
You can bet they'll do the same for the Tories here.
NB Thanks to Mark Lee and Georges for pointing out previous copy and pastye error in this post
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It’s when corporate power starts pulling the strings behind the scenes that things get really nasty. I foresee a similar danger with the credit rating agencies – if the Tories were to do a secret deal with (for example) Standard & Poor to downgrade the UK’s credit rating in the run-up to the election (or even in the campaign) and then upgrade it at a convenient point after the election, I wouldn’t be surprised. This is when we start to find out who really has the power in the global economy, sadly.