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Wednesday 2 December 2009

Mayer & Cie reduces workforce as restructuring commences

Albstadt – German circular knitting machine builder Mayer & Cie has taken the first steps towards restructuring its business by laying-off about 215 employees. Since filing for insolvency on the 29th of September the company has been employing 450 workers which will be reduced to 235 employees, starting in December.


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