After the merger of the Department store Karstadt and Kaufhof before chains is the organization of a comprehensive rehabilitation program. The “Süddeutsche Zeitung” reported. Up to 5000 Jobs are in danger.

Kaufhof am much worse off than Karstadt, the report says. “In his current condition, Galeria Kaufhof is survival in the long term,” said the head of the joint venture, Stephan Fanderl the newspaper.

in Addition, should be directed to the new Department store giant Karstadt and Kaufhof, according to insiders the lead from the Essen Karstadt Headquarters. The Cologne-based Kaufhof headquarters, not the final, said several with the operation of familiar people on Friday, the Reuters news Agency. He should remain as a sort of Outpost receive key Management functions remained in the Cathedral city. The location decision but also by the dismantling of.

hundreds of jobs in the two Central were on the Brink. The employees should be informed in staff meetings, it said. Karstadt and Kaufhof were initially received no comments.

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Kaufhof since the end of November, part of a joint venture with the competitor Karstadt. The former Kaufhof-owner HBC had agreed to the merger last year, after a long Hesitation. The North Americans are involved with a 49.99 percent stake in the joint venture with Karstadt, which has around 240 stores, with sales of five billion euros and 32,000 employees.

the majority shareholder is the Signa Holding of the Austrian Investor Rene Benko. Karstadt has in the operating business, the Say. The many years of Karstadt CEO Stephan Fanderl leads the new Department-store giant. The group must exist in fierce competition with the Online retailers from Amazon to Zalando.

Kaufhof had entered in the accounts according to insiders in the important Christmas business, the revenue declines. A “decisive restructuring” was necessary. The employee representative stated that both houses had their place in Germany.

The bargaining committees had asked for a location and job security, as well as a full collective loyalty of the two houses to the area collective agreements for the trade. (Reuters)

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house of chains, the cartel office Were approved the merger of Karstadt and Kaufhof

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