German Construction Giant Bucks Trend | Business| Economy and finance news from a German perspective | DW | 14.11.2002
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German Construction Giant Bucks Trend

Hochtief AG, Germany’s largest construction company, bucked a branch-wide trend and reported profits in the first nine months this year. Profits soared up to 74 million euro, according to a company report released Thursday. Hochtief credited the increase to efforts to reduce their workforce in Germany. In all, the number of workers at home and abroad went down 34,000.