Georg Baumann
Subscriber Member
It appears as if all of the 131 employees were fired by July 1st. Still, this has to be officially confirmed, but chances are this is the flippin truth.
Remains the thought that german tax payers are asked to bail out a bunch of corrupted investment bankers that lost any sense of ethical behaviour in their quest for quarterly profits, while a traditional small enterprise with a reputation for excellence is not even worth to be considered help. <shrugs>
The loss of F&H is bad news for the entire photographic world IMHO and they can not be substituted but some chinese low labour cost production with questionable quality management strategies.
I think that this now inevitably closes the doors of F&H and marks the end of a very important and infulencing chapter.
Crazy times.
Remains the thought that german tax payers are asked to bail out a bunch of corrupted investment bankers that lost any sense of ethical behaviour in their quest for quarterly profits, while a traditional small enterprise with a reputation for excellence is not even worth to be considered help. <shrugs>
The loss of F&H is bad news for the entire photographic world IMHO and they can not be substituted but some chinese low labour cost production with questionable quality management strategies.
I think that this now inevitably closes the doors of F&H and marks the end of a very important and infulencing chapter.
Crazy times.