
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataGerman clothing maker Klaus Steilmann GmbH & Co KG says it is to close its production site in Essen, Germany, and will lay off its 65 employees by the end of February. The news was announced at a meeting on Wednesday and has been prompted by lower production costs in Eastern Europe and the Far East. Managing director Ruediger Knaup said the company is negotiating with trade unions to provide a social plan for those employees who are losing their jobs.
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData