Translated news story from Germany...Up to 40 employees, or...

Translated news story from Germany...

Up to 40 employees, or equivalent to 20 percent of the employees of the Aalborg company GomSpace, have to look for new jobs. It was announced on Tuesday that GomSpace must cut 40 positions.

The many redundancies are primarily within the development department as the company must shift focus from development to production. Today's quarterly accounts for the first nine months of 2018 showed that GomSpace has a significant increase in their revenue of 69 percent, but there is a loss of small 50 million on operating. In addition, customers' purchasing power has slowed down. Management and employees are currently negotiating the many redundancies. According to the CEO of GomSpace, Niels Buus, there is a month before the names of which employees will be dismissed is released.

https://www.tv2nord.dk/artikel/trykket-stemning-blandt-ansatte