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According to the Stuttgarter Nachrichten Marklin is in negotiation with there Goeppingen Employees to cut their Wages by 20% across the board.
This does not look good at all since all ready Inflation in Germany is going up and up (Energy Costs/Food etc.) many Workers will be very unhappy. On top of that Marklin will not disclose what upper Management is earning.
http://www.stuttgarter-nachrichten.de/stn/...rzt-werden.html (Germany Text)
Google Translation: German » English
Dusseldorf - The staff of the Swabian model train manufacturer's Marklin must, according to a report of massive wage cuts lie in wait. On the 600 employees in the company's headquarters in Göppingen could lose up to 20 percent of gross wages, reported the "Handelsblatt" on Tuesday, referring to the business community.
Märklin had in the past week stated that the cost base of the company was "still too high to be economically successful in the long run," reported the paper. Therefore, the management discussions with the council. At an employee meeting was Goeppingen in the personnel cost savings target of five million euros. A company spokesman rejected the report that a breakdown of staff costs on request. The council wanted, according to the sheet to the talks with the management not comment.
The "Handelsblatt" reported that there existed over internal accounts. It would be personnel costs in Goeppingen at around 20 million euros. To the proposed savings goal should be, on average, each employee in the company's headquarters at up to 600 euros gross per month refrain. The achievement of savings targets should be extremely difficult. Layoffs are excluded, as the company securing an employment contract applies, the layoffs until the end of 2009 prevents.
This does not look good at all since all ready Inflation in Germany is going up and up (Energy Costs/Food etc.) many Workers will be very unhappy. On top of that Marklin will not disclose what upper Management is earning.
http://www.stuttgarter-nachrichten.de/stn/...rzt-werden.html (Germany Text)
Google Translation: German » English
Dusseldorf - The staff of the Swabian model train manufacturer's Marklin must, according to a report of massive wage cuts lie in wait. On the 600 employees in the company's headquarters in Göppingen could lose up to 20 percent of gross wages, reported the "Handelsblatt" on Tuesday, referring to the business community.
Märklin had in the past week stated that the cost base of the company was "still too high to be economically successful in the long run," reported the paper. Therefore, the management discussions with the council. At an employee meeting was Goeppingen in the personnel cost savings target of five million euros. A company spokesman rejected the report that a breakdown of staff costs on request. The council wanted, according to the sheet to the talks with the management not comment.
The "Handelsblatt" reported that there existed over internal accounts. It would be personnel costs in Goeppingen at around 20 million euros. To the proposed savings goal should be, on average, each employee in the company's headquarters at up to 600 euros gross per month refrain. The achievement of savings targets should be extremely difficult. Layoffs are excluded, as the company securing an employment contract applies, the layoffs until the end of 2009 prevents.
