Germany's news in English

Editions:  Europe · Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Karstadt department store chain to cut 450 posts

Share this article

Karstadt department store chain to cut 450 posts
Photo: DPA
17:10 CEST+02:00
The German department store Karstadt will cut up to 450 administrative posts at its headquarters in western Essen, a company spokesman said on Tuesday.

Almost one in five workers at the site will go as part of a cost-savings plan that should be finalized by the end of the year, he said, confirming a report in the regional daily NRZ.

“Outright redundancies have not been ruled out,” Karstadt spokesman Michael Scheibe said. However, the chain, which is owned by the Arcandor group, would also offer alternative jobs, early retirement and part-time posts.

“The goal is to secure as many jobs as possible,” Günter Isemeyer, spokesman for trade union Verdi said.

Jobs in Germany
Get notified about breaking news on The Local

Share this article

From our sponsors

VIDEO: Three surprising facts that will make you want to visit Malta

Game of Thrones has ended but it lives on in Malta! Find out how and learn two more unexpected facts about this little archipelago in the middle of the Med.