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Struggling Neckermann cuts half its jobs

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Struggling Neckermann cuts half its jobs
Photo: DPA
15:38 CEST+02:00
Germany's third largest mail-order company, Neckermann, is cutting more than half its jobs in a bid to stay in business after being hit hard by falling turnover in the clothes market.

The loss of nearly 1,400 jobs announced on Friday immediately provoked alarm and protest from service trade union Verdi.

The company, despite being bought out completely in 2010 by American investors Sun Capital, has been struggling with stagnating business results for years.

But the job cuts were, “eradication without comparison,” , Verdi spokesman Wolfgang Thurner told the Frankfurter Rundschau newspaper on Friday.

He added that the company's 900 logistics employees, particularly those in Frankfurt, would feel the cuts the most. “It is a social catastrophe,” said Thurner.

Neckermann is the third largest mail-order company in Germany after Amazon and Otto – having benefited from the 2009 bankruptcy of its once sister company Quelle.

Verdi said it would suggest an alternative plan to the Neckermann board which would reduce the number of job losses.

DAPD/The Local/jcw

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