Crisis-struck German maker of Playmobil toys cuts jobs ...Middle East

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Crisis-struck German maker of Playmobil toys cuts jobs
source : Bloomberg News Today ( Middle East ) () 36
PUBLISHED : 2 Oct 2023 at 23:45 Horst Brandstaetter Group is cutting 700 jobs worldwide amid slumping sales BERLIN – The crisis-hit German toy company behind Playmobil, the small plastic figures loved by children the world over, said on Monday that it was cutting 17 percent of its workforce. The Horst Brandstaetter Group, named after its founder, plans to slash nearly 700 positions worldwide by 2025, 369 of them in Germany, amid long-running business woes. “The company management took this decision after a comprehensive analysis of all divisions and in light of the development of the business and current econom

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