Word: sectored
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...that MobilCom would soon need another infusion without big changes. But for two reasons, this rescue may be different. First, commercial banks are no longer playing along, as they did in 1999 when pressured to save doomed construction firm Philipp Holzmann. Facing troubles of their own, Germany's private-sector banks are now defiant about preserving dying companies in amber. Only state-controlled banks ponied up this time. The second thing that may make this rescue different is that MobilCom CEO Thorsten Grenz outlined a restructuring that could make it work, including slashing 3G and a third of the workforce...
...amount of people that go into the public sector is pretty small to begin with,” he said...
Whatever the contributing factors, KSG administrators say the sudden rise in public sector employment is welcome news...
...also said the economic downturn has limited the number of private sector jobs available, thereby prompting graduates to take government jobs...
...Enron Affect’ was added in there at the end,” he said. “Our students started thinking that the private sector needed to be regulated and also that the public sector needed some help in that...