Crisis Struck News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Horst Brandstätter Group, named after its founder, plans to slash nearly 700 positions worldwide by 2025, 369 of them in Germany, amid long-running business woes.LAYOFFS This photograph taken on Aug. 9, 2023, shows Playmobil figurines dating from 1974, manufactured by the German company Geobra-Brandstätter, at a secondhand dealer in Pont-Audemer, France. The owner of the famous Playmobil plastic figurines announced on Monday, Oct. 2, 2023, the removal of 17 percent of its workforce amid a backdrop of erosion in its sales around the world. AFP PHOTO

Sri Lankan President Ranil Wickremesinghe on Monday said that as Sri Lanka walks into the New Year with the baggage from 2022, 2023 will be a critical year for the country to turn around its crisis-struck economy, reported Daily Mirror.