DEPRESSION IN GERMANY
LONDON, February 25. The Cologne correspondent of ‘ Tiie Times ’ says the serious increase in unemployment in Western Germany is i'ltlrituhed to depression in the Ruhr industries. There are 25,000 unemployed at Essen. Kruno's are dismissing a further 4,000, and 45,000 are idle at Cologne, where one-fifth of the population is receiving doles. Mines are closing daily, and .stool and textile mills are dismissing thousands of hands. Employers hoped to alleviate the distress by reducing wages and retaining more workers, but tile trade* unions opposed the scheme, declaring that the only remedy was to close the smaller concerns, concentrate on mass production, and not interfere with wages. Widespread disorders are feared. Already there have been several minor affrays. Several thousand Ruhr miners have travelled to Holland, owing to an inaccurate report that work was to he obtained thexa,
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Bibliographic details
Evening Star, Issue 19198, 15 March 1926, Page 12
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140DEPRESSION IN GERMANY Evening Star, Issue 19198, 15 March 1926, Page 12
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