Media-Saturn

Type
Internal restructuring
Country
Germany
Region
Bayern; Oberbayern; Ingolstadt, Kreisfreie Stadt
Location of affected unit(s)
Ingolstadt
Sector
Wholesale / Retail
47 - Retail trade
47.4 - Retail sale of information and communication equipment in specialised stores
47.40 - Retail sale of information and communication equipment
200 jobs
Number of planned job losses
Job loss
Announcement Date
30 April 2014
Employment effect (start)
30 April 2014
Foreseen end date
31 December 2014

Description

Electronics retail chain Media-Saturn announced to cut 200 jobs at its site in Ingolstadt. As announced the cost cutting measure will be implemented by means of natural attrition and in a socially acceptable manner. As reported, the restructuring is in a bid to cut administrative expenses. According to the sources the employees are expressing fears that the number of job cuts may be increased. 

Sources

  • 30 April 2014: Donaukurier.de
  • 2 May 2014: Süddeutsche Zeitung
  • 3 May 2014: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2014), Media-Saturn, Internal restructuring in Germany, factsheet number 76979, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76979.