Nearly 12,000 employees of a struggling German drugstore chain faced an uncertain future on Thursday after a rescue package was blocked by the Free Democrats.
The junior partner in Chancellor Angela Merkel’s coalition government opposed a 70-million-euro loan guarantee. The package would have backed a retraining and job placement scheme for Schlecker employees.
Katja Deuser, who sat on the works council for Schlecker employees in the southern town of Ulm, accused the economically liberal FDP of “letting the negotiations fail”…
Read more @ Schlecker to shed 12,000 jobs after rescue deal blocked | euronews, world news.
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