The crisis-hit German toy company behind Playmobil, the small plastic figures loved by children the world over, said on Monday that it was cutting 17 percent of its workforce.
Crisis-struck German maker of Playmobil toys cuts hundreds of jobs thelocal.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thelocal.de Daily Mail and Mail on Sunday newspapers.
The Horst Brandstätter Group, named after its founder, plans to slash nearly 700 positions worldwide by 2025, 369 of them in Germany, amid long-running business woes.LAYOFFS This photograph taken on Aug. 9, 2023, shows Playmobil figurines dating from 1974, manufactured by the German company Geobra-Brandstätter, at a secondhand dealer in Pont-Audemer, France. The owner of the famous Playmobil plastic figurines announced on Monday, Oct. 2, 2023, the removal of 17 percent of its workforce amid a backdrop of erosion in its sales around the world. AFP PHOTO