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Layoffs correspond to 17 percent globally and 16 percent of the total workforce in Germany.
“The company’s management decided on this after completing a comprehensive investigation across all business areas and taking into account business development and current economic challenges,” a spokesman said. According to information obtained, Playmobil’s parent company recorded sales and profit losses in the last two financial years.
It was announced on Friday that the Playmobil manufacturer wanted to outsource mold making and lay off 74 people. The company announced that mold making is no longer one of the company’s core competencies and has lost its importance. (SDA)
Source :Blick

I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.