Germany To Face Surge of Job Losses after Election

[ByLoSellHi]

http://www.ft.com/cms/s/0beb772a-90...ww.bloomberg.com/?b=0&Intro=intro3&ftcamp=rss

Job cuts to follow German elections

By Daniel Schäfer in Frankfurt and Richard Milne in London

Published: August 23 2009 22:57 | Last updated: August 23 2009 22:57

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.....

 

[Kevmeister]

Quote from ByLoSellHi:

http://www.ft.com/cms/s/0beb772a-90...ww.bloomberg.com/?b=0&Intro=intro3&ftcamp=rss

Job cuts to follow German elections

By Daniel Schäfer in Frankfurt and Richard Milne in London

Published: August 23 2009 22:57 | Last updated: August 23 2009 22:57

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.....

Damn, if this doesn't pop the market up 10%, I'd be surprised.

Here we go