Quote:
Originally Posted by desertdetroiter
Who are your people?
Stop it. Hell, I’m black and know German customs and culture well and speak the language with excellent fluency. Your German culture extends about as far as putting Sauerkraut on a Bratwurst. 
Gimme a break. Lol
And no, in Germany, people are more important than profits. They’d lay off people only in extreme circumstances. |
Disagree a bit with the last part.
My wife's mother saw the business end of T34 tanks in Konigsberg in 1944. They still have family there. They did well after the war and come to the US every couple years. My wife has one cousin from Germany I have talked to for hours about Germany. He is utterly amazing and fascinating.
They do lay people off and in less than extreme circumstances. Workers often have representation on the board and at high levels in the company. Management is expected to participate in any cuts and ridiculous bonuses would be verboten when things are tight and people are being laid off. IE it is a near last resort there, unlike here, where it is the first resort and for that matter, we have hedge funds and private equity funds who specialize in laying people off and immediately passing the savings to stakeholders.
Layoffs are also looked at in a longer term view rather than in the US where the forward look is one quarter (3 mos)
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