Financial

KHD Humboldt Wedag cuts 50% of staff on cancellations

14 December, 2020

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KHD Humboldt Wedag said on Friday that it had seen "unexpected and sudden" order cancellations and a plunge in orders in 2008, forcing the company to restructure its business and reduce 50% of its personnel. The company said that the next two years would be bleak.

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