Location of affected unit(s)
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Goods In Specialised Stores
47.71 - Retail sale of clothing in specialised stores

120 jobs
Number of planned job losses
Job loss
Announcement Date
30 September 2008
Employment effect (start)
30 September 2008
Foreseen end date


Schöps, an Austrian clothing retailer with branches across Austria, announced on 30 September 2008 that 120 out of the chain's 578 employees were dismissed on that day. The job losses followed the acquisition of the company by Jamal Al-Wazzan, a businessman mainly operative in the retail and real estate sectors, in August 2008. The new owner has announced plans to re-organise the whole company and to convert all of the stores into franchise shops. According to Wolfgang Neubert, the company's CEO, management will attempt to retain as many employees as possible. Therefore each new leaseholder of a store shall be committed to take over all of the store's employees. Nevertheless, the trade unions have demanded the conclusion of a social plan for the employees affected by dismissal.


  • 30 September 2008: Die Presse


Eurofound (2008), Schöps, Merger/Acquisition in Austria, factsheet number 67200, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67200.