Holzmann's insolvency administrator expects to save 80% of company's jobs

Philipp Holzmann AGÂ's insolvency administrator Ottmar Hermann said he expects to save some 80% of the 23,700 jobs at the insolvent construction company.

Most jobs will be lost in Germany, Hermann said. Of the 6,505 remaining jobs in Germany, some 38% will have to be cut, he said.

(source: AFX News)

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