Schlecker Home Shopping

Type
Bankruptcy
Country
Germany
Region
Location of affected unit(s)
Sector
Wholesale / Retail
47 - Retail trade
47.7 - Retail sale of other goods, except motor vehicles and motorcycles
47.75 - Retail sale of cosmetic and toilet articles
100 jobs
Number of planned job losses
Job loss
Announcement Date
5 August 2012
Employment effect (start)
12 August 2012
Foreseen end date

Description

The insolvency administrator of German drugstore chain Schlecker has announced to close Schlecker's subsidiary Home Shopping, an online shop, with the subsequent loss of 100 jobs. The redundancies will be implemented by 12.08.2012.

These job cuts come on top of the more than 20,000 jobs which were lost earlier this year (see here) in the frame of Schlecker's bankruptcy. The insolvency administrator responsible stated that there were no take-over offers by any investor, which made the closure of the online shop unavoidable.

Sources

  • 6 August 2012: Handelsblatt

Citation

Eurofound (2012), Schlecker Home Shopping, Bankruptcy in Germany, factsheet number 73962, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73962.