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Schlecker drugstore to close half its shops

Published: 29 Feb 12 15:15 CET | Print version
Online: http://www.thelocal.de/national/20120229-41063.html

Bankrupt drugstore chain Schlecker will close down half of its 6,000 shops across Germany, with at least 16,000 people working there are expected to lose their jobs.

Insolvency administrator Arndt Geiwitz announced the measure on Wednesday, saying, “This is a cut needed for survival.”

"We'll need to close more stores than I would personally have hoped,” he added.

More than 1,000 Schlecker shops have been closed down over the last few years, with the intention of renovating the remaining ones – but the money for this ran out in January and the chain filed for bankruptcy, closely followed by its subsidiary IhrPlatz, which has 650 shops and around 6,000 staff.

Geiwitz said that insolvency proceedings should start at the end of March, after which time Schlecker could no longer be run at a loss – otherwise there would be no chance of attracting investors.

The workers’ council has called for state help to keep shops in rural areas. “This is a matter of principle – it was also a theme with Opel and the banks,” said Christel Hoffmann, chairwoman of the council, in the middle of February.

“We are not after a rescue for Schlecker or anything like that. But politicians should also consider how granny and granddad who live in the country are going to get their denture adhesive,” she said.

DPA/The Local/hc

What do you think? Leave your comment below.


Your comments about this article:

16:19 February 29, 2012 by achernar
Saddening, I'll miss their unpretentious and no-nonsense presence.
19:10 February 29, 2012 by Englishted
Christel Hoffmann, chairwoman of the council, sticking with her point could not the meals on wheels now liquidise the dinners there for doing away with the need for glue?
11:17 March 1, 2012 by raandy
Half it's stores. I can understand that.

Here in Berlin there is one on almost every corner, seems they are competing with each other. I could walk 200 meters in different directions to two different stores.
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