[rukenshia]

It's not even layoffs. Just making use of "Altersteilzeit" (early part-time retirement) and then not filling the retired jobs.

[aswanson]

'zeit' must roughly translate into 'time' in German, based on context. Is that correct?

[jbpetersen]

https://translate.google.com/#de/en/zeit

[aswanson]

danke

[jsingleton]

Ja. See also the borrowed word Zeitgeist, literally time-ghost but more accurately the 'spirit of the age'.