Type
Merger/Acquisition
Country
Germany
Region
Baden-W├╝rttemberg; Karlsruhe; Karlsruhe
Location of affected unit(s)
Karlsruhe
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Household Equipment In Specialised Stores
47.5 - Retail sale of other household equipment in specialised stores

120 - 130 jobs
Number of planned job losses
Job loss
Announcement Date
13 October 2005
Employment effect (start)
1 January 2006
Foreseen end date
1 January 2006

Description

Mann-Mobilia, a furniture retailer that was recently taken over by its Austrian competitor XXXLutz, will cut between 120 and 130 jobs at is headquarters in Karlsruhe in South Western Germany. XXXLutz wants to finish negotiations about the redundancy program in december 2005 and lay off staff by the end of the year. The job losses will occur in administrative units such as book keeping, legal services and data processing. There will be direct dismissals.


Sources

Citation

Eurofound (2005), Mann Mobilia, Merger/Acquisition in Germany, factsheet number 62417, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62417.