The company was hard-hit by coronavirus, with many outlets forced to stay closed even as the lockdown was lifted.

The department store group Galeria Karstadt Kaufhof plans to close 62 of its 172 branches. Staff were told about it around 2 p.m. local time on Friday and the agreement will be presented to creditors for approval on Monday.The department store chain, which is more than a century old, The union involved, Verdi, said as many as 6,000 of a total of 28,000 staff could lose their jobs.   tougher than we all would want. Facebook. June 18, 2020. July 1, 2020, 4:30 AM Insolvency proceedings for Galeria Karstadt Kaufhof and eight units starts, according to emailed statement from Essen court. If things do not go well — for example, if ongoing talks about rents falter — then as many as 80 stores could close.According to German media, which cited a list of potential closures, the decision was the result of an agreement on Friday between local unions and Galeria Karstadt Kaufhof management. We'll assume you're ok with this, but you can opt-out if you wish. Against the background of the pandemic, the management of Galeria Karstadt Kaufhof GmbH decided “not to pay the rent from April 1, 2020”, the letter said. The parties have agreed to form what is known in German labor law as a transfer company, which supports those who have been made redundant in their search for new employment.However, as a representative from Verdi also told local journalists, “This is not the last word.” The union was still fighting to prevent as many store closures as possible, she said.If the closures didn’t happen, then the poor performance of the stores on the list would have endangered the whole company, Geiwitz argued.On Friday evening, German politicians reacted with dismay, with some saying that the department stores are often focal points in the inner city and others describing them as “system relevant.”CAIR Calls on Senate Committee to Oppose Trump's Anti-Muslim, Racist Nominee Douglas Macgregor as U.S.

VK. Mix. Breaking News; Galeria Karstadt Kaufhof closes 62 branches.

Home Breaking News Galeria Karstadt Kaufhof closes 62 branches. 0. Pinterest. Necessary cookies are absolutely essential for the website to function properly. Doch beide Warenhausketten fahren hohe Verluste ein. WWD • June 20, 2020 Click here to read the full article. 0. Tumblr. You also have the option to opt-out of these cookies. Unser Newsticker zum Thema Kaufhof Karstadt enthält aktuelle Nachrichten von heute Dienstag, dem 28. One of Europe’s largest department store chains, Galeria Karstadt Kaufhof, said it plans to close around a third of its locations. ZEIT ONLINE | News, backgrounds and debatesEssen (AP) - The battered department store chain Galeria Karstadt Kaufhof wants to close six branches less than originally planned, according to the landlord's concessions. To do this, it plans on opening several secondhand department stores. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. It is mandatory to procure user consent prior to running these cookies on your website. In negotiations with the landlords, the group was able to save some department stores - including in Nuremberg, Chemnitz and Goslar. German department store Galeria Karstadt Kaufhof is set to close up to 80 of its 170 branches due to the ensuing crisis caused by the coronavirus outbreak, German media reported on Friday. There are 243 branches of different kinds in Europe, 172 of them in Germany. Für viele... Yahoo Daily News 2020-06-18 3.07.2020 10:47) Germany’s last major home-group, Galeria, Karstadt, Kaufhof (GKK) wants to be close to concessions, the landlord six branches less than you were originally scheduled. The meeting was normally scheduled over two days, Friday and Saturday. A company spokesman did not want to comment on Wednesday. ReddIt. Negotiations with landlords and union representatives are ongoing, but 62 out of 172 department stores, all in Germany, are likely to close, the company said, along with two discount stores, where excess stock is sold at lower prices. is expected to end up being nearer €1 billion because of the coronavirus crisis, rendering restructuring inevitable. Twitter. (06.11.2019) Kreise: Galeria Karstadt Kaufhof will 62 Filialen schließen.