German Economy Online: Fewer layoffs than planned breakthrough at Karstadt renovation

Saturday, February 21, 2015

Fewer layoffs than planned breakthrough at Karstadt renovation – n-tv.de NEWS

business

Saturday, February 21, 2015

In the negotiations for the rehabilitation of the Karstadt group there is an important step forward. The company reaches an agreement with the works council and union to a rehabilitation program. The number of layoffs seems certain.

The ailing Karstadt department store group has made claims to be a breakthrough in his rehabilitation program. In the negotiations with the Central and the trade union Verdi on a balance of interests and a social plan, a compromise had been reached, the company said.

According to the council, the number of planned layoffs from its original 2750 to 1400 was reduced , This became possible including through early retirement and early retirement, said the council chairman Hellmut Patzelt with.

Karstadt reported after hard and intense negotiations was supported by a conciliation board a compromise with the General Works and Verdi succeeded. The company had made a decisive step forwards in its restructuring efforts further and lay a hundred percent on schedule.

transfer company planned

More about

Executive Management and employees

have agreed to set up for those affected by layoffs employee a transfer company in order to continue to qualify as good as possible. Socially acceptable measures such as early retirement and the use of natural fluctuation, the number of yet to be made redundant employees but can be significantly reduced already. Thus, the job cuts will as socially acceptable as possible within the framework of economic opportunities. An exact figure this was not mentioned.

Even with the of the union because of possible loss of pay for employees heavily criticized the company’s plans to form specialized service teams for the supply of goods, an agreement had been reached, reported the spokesman .

Karstadt sit here and voluntary turnover. Change terminations and Abgruppierungen there would not be against it, the company said. Nevertheless, Karstadt could thus economically feasible to expand its consulting and service coverage massively.

Source: n-tv.de

Theme