Internal restructuring
European Union
Location of affected unit(s)
Germany, Belgium
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Information And Communication Equipment In Specialised Stores
47.4 - Retail sale of information and communication equipment in specialised stores

1,027 jobs
Number of planned job losses
Job loss
Announcement Date
31 March 2021
Employment effect (start)
31 March 2021
Foreseen end date
31 August 2021


German consumer electronics retailer Media-Saturn Holding has announced that it will cut over 1,000 jobs in Germany and Belgium by September 2021. In Germany, 13 large-format stores under the Media Markt and Saturn brands are to be closed and about 1,000 jobs cut, while 27 positions are to be affected in Belgium, but no Belgian stores are expected to be closed. The cost-saving and restructuring programme is related to the COVID-19 pandemic as sales in physical stores have decreased, while e-commerce has grown. The holding plans to simplify the organisational structure and centralise some local branches. 

In August 2020, the company announced that about 3,500 jobs in Europe would be at risk; however, it is not clear if the currently announced dismissals are included in the number.

Media-Saturn Holding belongs to Ceconomy, the largest European consumer electronics retailer. The chain Media Markt with over 1,000 stores operates in 14 European countries.



Eurofound (2021), Media-Saturn Holding, Internal restructuring in European Union, factsheet number 104591, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/104591.