Karstadt Plans 7,000 Layoffs
ESSEN, Germany (16 January) – Due to a restructuring program Karstadt-Quelle AG plans to cut 7,000 of its 52,000 workforce at its department stores. According to Reuters the German retail giant wants a so-called “soft cut”, meaning that especially long serving employees will be soon forced into early retirement and will receive an attractive social
Continue reading this article?
- Create an account under a minute and continue reading
- Read 3 articles for free every month
Create an account instantly
Already an account? Login to read this article