Word: eganagoldpfeil
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...Germany's iconic leather-goods brands, which announced last week that it is laying off 70 of its 200 artisans and moving production to subcontractors in the Czech Republic and China, where labor costs are only a fifth of those in Germany. Hans-Jörg Seeberger, ceo of EganaGoldpfeil Group, says Germany is no longer competitive - and blames Schröder. "Nobody can pay these wages anymore. The unions are too strong," he says. "There's a general feeling that Germany is going down the drain." Schröder fought back last week in a debate in parliament over...
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