Ancestors

Written by Jan on 2024-10-30 at 07:43

The biggest German car manufacturer wants to cut 10s of thousands of jobs and at the same time just reported a quarterly profit of 1.6 billion (!!!) Euros. Please, someone explain this to me.

Oh and they just recently paid billions in dividends to investors.

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Toot

Written by Evan Light on 2024-10-30 at 08:09

@janmon @janl "wants to"? Honest question: in Germany, do they need permission? Here in the US, companies "lay off" as many as often as they like unless they are unionized—then it's complicated.

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Descendants

Written by Jan on 2024-10-30 at 08:11

@elight @janl Yep the process is different here in Germany. At that car manufacturer they have a pretty strong works council and a good union representation.

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Written by Evan Light on 2024-10-30 at 08:13

@janmon @janl It's a shame that the US has been so supportive of employer's rights over the individual. Yet here we are.

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Written by Jan on 2024-10-30 at 08:14

@elight @janl Agreed !

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