Type
Merger/Acquisition
Country
Germany
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale In Non-Specialised Stores
47.1 - Retail sale in non-specialised stores

1,700 jobs
Number of planned job losses
Job loss
Announcement Date
12 September 2005
Employment effect (start)
1 October 2005
Foreseen end date
31 December 2005

Description

Spar, a supermarket chain, will cut more than half of its workforce after the takeover by Edeka. A spokesperson for Edeka said that the cuts were needed to become profitable in the German retail market that is characterised by stiff competition and very low margins. Several locations, among them logistics hubs, will be given up and closed.


Sources

  • 12 September 2005: Financial Times Deutschland

Citation

Eurofound (2005), Spar, Merger/Acquisition in Germany, factsheet number 62222, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62222.