[lbo-talk] good news! big layofs in Germany

Doug Henwood dhenwood at panix.com
Fri Nov 11 11:25:02 PST 2005


Ed Hyman, Wall Street's favorite economist, observes in today's emission:

"Things appear to be changing in Germany, which helps explain why the DAX [stock market index] is up 19% ytd. These three layoff announcements [from Allianz, Deutsche Telekom, and Volkswagen, reproduced nearby in the original] in just three months total over 70,000 which would be the equivalent of almost 250,000 in the U.S."



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