Staff Reduction and Strategic Investments: German Hardware Market Under Pressure
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The Hagebau construction market cooperation is under pressure and has reduced numerous jobs. 73 employees at the headquarters in Soltau were terminated. 33 received cancellation contracts, 14 were transferred. Three division managers positions were already dropped in December and 23 vacant jobs were cancelled. Managing Director Frank Staffeld stressed the need for savings. The specialist trade business recorded a decline in sales of 4.1 percent.…
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