The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.19 - Other retail sale in non-specialised stores
200 jobs Number of planned job losses
Announcement Date
25 March 2014
Employment effect (start)
25 March 2014
Foreseen end date
30 June 2014
Description
German retail chain Strauss Innovation will close 17 stores by midyear and thus make 200 people redundant. 140 people will be able to change to a transfer agency. Of the job cuts, 30 are in the main office.
This is part of Strauss’ rehabilitation concept. Strauss filed for insolvency in self-administration in January 2014. In total, the company runs 96 stores and employs 1,400 people.Â
The ERM reported previously on job cuts at Strauss Innovation announced in 2009.
Sources
26 March 2014: Frankfurter Allgemeine Zeitung
25 March 2014: Strauss Innovation (press release)
Citation
Eurofound (2014), Strauss Innovation, Internal restructuring in Germany, factsheet number 76751, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76751.
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