Germany's news in English

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

Struggling Neckermann cuts half its jobs

Share this article

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

 
Jobs in Germany
Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

Get a month's worth of your favourite newspapers and magazines - for free

Readly - the 'Spotify of magazines' - is offering readers of The Local a free month's worth of unlimited all-you-can-read magazines. All you need to do is answer one quick question.