Karstadt and Kaufhof have done together. To warehouse closures, the new retail giant wants to do without in the future - but many employees need to go.
Essen/Cologne - At the ailing Department store chain Kaufhof are to be dismantled in the Wake of the merger with the rival Karstadt around 2600. The Karstadt announced on Friday in Essen. CEO Stephan Fanderl said, in his current condition, the Kaufhof is necessary for survival, "in the long term".
Approximately 1000 full-time positions will be eliminated, in the governance and management structures, additional 1600 full-time positions in the stores, as the group announced. Renovation-related closures are planned, however, provisional. Several Newspapers had previously reported about it.
Kaufhof will also save on wages - phasing out of tariff binding
the group's main management and administrative structures of the two were to pool planned houses in the future in the previous Karstadt Headquarters in Essen, Germany. At the Cologne location, formerly the seat of the Kaufhof Headquarters, to set up a Center of competence for digitisation and E-Commerce. In addition, to be controlled from here, from the catering and food business.
in Order to save costs, will drop out of the Kaufhof immediately in addition, from the tariff binding. The company is seeking an individual, collective solution, the carrying of the economic emergency of Kaufhof bill, would be it.
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Karstadt and Kaufhof: Two ailing giants
Fanderl should be forging out of the two ailing Department store companies, even in the Internet age, competitive trading giant. He is under considerable pressure. According to Karstadt, the Christmas business, the Kaufhof remained significantly below expectations. Also at Karstadt, it should be according to information from well-informed circles, not gone well.
The merger of Karstadt and Kaufhof is born out of necessity. Kaufhof and Karstadt makes for years, the unstoppable rise of discounters like Primark and Online retailers such as Amazon or Zalando, but also the competition of the major shopping centres. Of the merger, the two chains are hoping to improve their competitive position.
the majority of The new community companies in the former Karstadt owner René Benko. The Kaufhof-owner of Hudson's Bay Company, remains as a minority owner on Board.
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dpa
Date Of Update: 26 January 2019, 12:03
