German Of The Day: Arbeitsplatzabbau

That means job cuts.

Energy crisis: Quarter of German companies ‘plan to cut jobs’ – In order to tackle rising energy prices, a quarter of German companies revealed in a new survey that they planned to cut jobs, among other cost saving measures.

Around 25 percent of German companies plan to axe jobs as a cost saving measure, according to a survey of 1,080 German firms led by the Munich-based Stiftung Familienunternehmen released on Monday.