The clock ticked just past 11 p.m. Thursday evening when Polytech Chief Executive Mads Kirkegaard arrived at home – after a working day that wasn't just long but was busy for all the wrong reasons. The prospect of a dwindling task pipeline had prompted the CEO to announce laying off 70 of the company's roughly 850 personnel.
This marks the hitherto largest setback for the Danish subsupplier, which in recent years has expanded its staff several times over and as recently as this summer booked its undisputed best result to date – but now summer has turned fall.
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