Economy
Sunday, September 07, 2014
The 17,000 Karstadt employees must adapt to harsh cuts: According to insiders, the new reorganization plan provides for the removal of every fourth job. First details are expected later this week by the Supervisory Board. Verdi warns of the costs.
As part of the new restructuring plan of the department store chain Karstadt “Bild am Sonntag” up to 30 of the 83 department store branches are for information the threat of closure. They wrote sustainably in the red and had no future, the Journal reported, citing insiders. The union Verdi announced in the “Tagesspiegel” resistance against such “clear-cutting” at Karstadt to.
As further reported “Bild am Sonntag”, would be of the closures between 3000 and 4000 a total of 17,000 Karstadt employees affected. The new Karstadt Supervisory Board aims to present the first details of this restructuring plans on Thursday. A final decision on closures should it then not yet passed. The plan is “socially acceptable to negotiate with all parties involved,” said one insider said sheet
Verdi warns. Clearcutting is your
The Verdi specialist managers Arno Peukes, of the Karstadt Supervisory Board consulted, warned of high costs at a tough restructuring of the department store chain. “To close a house costs a lot of money. Ten to 15 million euros alone for Social and ongoing real estate contracts,” said Peukes the “Tagesspiegel”. That makes at least 300 million euros at 20 to 30 houses. “This money you put in the better preservation of the sites, instead of thousands of jobs to be destroyed.” Extensive branch closures he would therefore not accept. “Defenseless neither Verdi nor the council to accept a clearcut.”
Peukes accused the former Karstadt guide before massive error. “Has been operated at Karstadt mismanagement in recent years,” said the union. “The policy passed by the needs.” Extensive branch closures he would therefore not accept. “Defenseless neither Verdi nor the council to accept a clearcut.” The Signa group of Austrian investor Rene Benko had taken over from the previous owner Nicolas Berggruen in August Karstadt. Integrate
fillets again?
More on the topicPeukes called for a reunification of the traditional Karstadt stores with premium and sports stores. “I think it is economically useful, if we all pull together,” he told the “Tagesspiegel”. Berggruen had the Benko belonging Signa Holding transferred the majority of the fillets of tradition Group as the KaDeWe in Berlin, the Alster in Hamburg and the Oberpollinger in Munich as well as the sports stores already last year.
Living with the takeover by Benko also speculation about a merger with Metro-daughter Kaufhof again. The Austrian investor had tried in the past without success also to an acquisition of this department store chain.
Source: n-tv.de
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