Originally Posted by Unregistered

G4 (Stuttgart), G7 (Hanover), and G8(Leipzig) are closing down. All level 3 employees are allowed to stay according to info. All others were offered 1/2 of their salary and sent bye-bye. I don't believe they made an "official" announcement, just told them thanks and here is your compensatory package. Fred G. is going back to the admin in Frankfurt (I think that is G3?) and who knows from there. anybody have anything new?

Man, we get to witness some serious history here. All those years ERAC has been priding themselves of being the company that never once laid off an employee. Well, there goes that piece.

I wonder if this is the beginning of the end, even for those folks in the states...