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A comment on Ask HN: Should I be panicking about jobs in Europe?. Parent comment

Re:Ask HN: Should I be panicking about jobs in Europe? by martin_a on Wednesday September 07, 2022 @06:07PM (#32757672)
It's Dr. Schneider [1]. Never heard about them until now.

[1] https://www.focus.de/finanzen/news/kronach-kronach-neuses-au...

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Re:Ask HN: Should I be panicking about jobs in Europe? by fxtentacle on Wednesday September 07, 2022 @06:11PM (#32757717)
But

a) they are not bankrupt yet, they merely filed for government protection while they reorganize

and

b) it's only 2000 jobs

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Re:Ask HN: Should I be panicking about jobs in Europe? by jonas21 on Wednesday September 07, 2022 @06:40PM (#32758103)
> they merely filed for government protection while they reorganize

That's what Chapter 11 bankruptcy is in the US - I assume Germany has an equivalent.

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Re:Ask HN: Should I be panicking about jobs in Europe? by martin_a on Wednesday September 07, 2022 @06:17PM (#32757798)
Yes, probably just shrinking themselves to a more healthy state. Good "chance" to do so right now.
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