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Germany Jobs Cuts Just Today....

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Jobs going in germany the big econemy of Europe and the Euro. Trouble ahead?

Siemens to Cut 3800 Jobs, Shift 3000

http://ap.google.com/article/ALeqM5jWGylU3...UzeJ2QD8V25ITG0

BMW plans to cut 8100 jobs

http://www.forbes.com/markets/feeds/afx/20...afx4702612.html

Henkel to Cut 3000 Jobs to Sustain Growth

http://www.bloomberg.com/apps/news?pid=206...mp;refer=europe

Just what i found today.....

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Jobs going in germany the big econemy of Europe and the Euro. Trouble ahead?

Siemens to Cut 3800 Jobs, Shift 3000

http://ap.google.com/article/ALeqM5jWGylU3...UzeJ2QD8V25ITG0

BMW plans to cut 8100 jobs

http://www.forbes.com/markets/feeds/afx/20...afx4702612.html

Henkel to Cut 3000 Jobs to Sustain Growth

http://www.bloomberg.com/apps/news?pid=206...mp;refer=europe

Just what i found today.....

Not sure about the others, but I know Henkel's cuts were expected (and planned) because they've made some big acquisitions and there is some overlap with the existing workforce, so they were left with a surplus. I've met the CFO and I assure you, that do not run this company recklessly. He's as sharp as they come. They have grown through a combination of M&A and buyback deals and probably hardly ever borrow money, as far as I know. They are now a multi-billion euro business and they are not going anywhere.

With Siemens I'm guessing it's a similar problem i.e with Nokia Siemens Network making some of the existing jobs redundant.

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Jobs going in germany the big econemy of Europe and the Euro. Trouble ahead?

Siemens to Cut 3800 Jobs, Shift 3000

http://ap.google.com/article/ALeqM5jWGylU3...UzeJ2QD8V25ITG0

BMW plans to cut 8100 jobs

http://www.forbes.com/markets/feeds/afx/20...afx4702612.html

Henkel to Cut 3000 Jobs to Sustain Growth

http://www.bloomberg.com/apps/news?pid=206...mp;refer=europe

Just what i found today.....

THere is indeed trouble ahead. Europe will follow the US down once the lag kicks in--about 12-18 months. The layoffs are just starting accross Europe and their HPC is building steam. The Euro may have some short term gains but when the EZ starts to feel the cold winds of recession blowing in from the West it will be past time to dump the Euro for something else. As for us, we stand or fall on Gordon's HPC-MEW-BTL economy and its not looking good.

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  • 297 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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