Sunday, September 7, 2014

Trading Up to 30 Karstadt stores before the off – FAZ – Frankfurter Allgemeine Zeitung

Trading Up to 30 Karstadt stores before the off – FAZ – Frankfurter Allgemeine Zeitung

 
      

 
 
 
 
 
     
 
 
 
 
 

 
     
 
             
     
                          Karstadt store in Bottrop
             

 
 
 
     
 
     
     
                                                             

As part of the new restructuring plan of the department store chain Karstadt are threatened with up to 30 of the 83 department store branches of the closure according to information from the “Bild am Sonntag”. This written sustainably in the red and had no future, the Journal reported, citing insiders. The union Verdi announced in the “Tagesspiegel” from Monday to resistance against a possible “clear-cutting” at Karstadt.


             
                                                             
                                 

As further reported “Bild am Sonntag”, would be affected by the closure of about 3,000 to 4,000 of the total 17,000 Karstadt employees. The new Karstadt Supervisory Board would provide the first details of this restructuring plans on Thursday. A final decision on closures will then not yet exist. The plan is “socially acceptable to negotiate with all parties involved,” said an insider the sheet.


             
                                                             

The Verdi specialist managers Arno Peukes, belonging to the Karstadt Supervisory Board, however, warned against high costs of 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.”


             
         

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The former Karstadt guide threw Peukes 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.” Signa group of Austrian investor Rene Benko Karstadt had taken over from the previous owner Nicolas Berggruen in August.


             
 
   
 
 
 
           

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Up to 30 Karstadt stores before the off

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The new Karstadt Supervisory Board intends to present the first details of its restructuring plans in the coming week. According to a media report are threatened with up to 30 of the 83 department store branches.

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