Type
Internal restructuring
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 Via Stalls And Markets Or Other
47.91 - Retail sale via mail order houses or via Internet

90 jobs
Number of planned job losses
Job loss
Announcement Date
11 December 2015
Employment effect (start)
11 December 2015
Foreseen end date
30 June 2016

Description

Heine, a German fashion and home ware online and mail-order retailer, will cut 90 out of 590 jobs at its headquarter in Karlsruhe by mid-2016. According to the company, the job cuts are due to strong competition in the market. The workers' committee has already negotiated a redundancy plan.

Heine was founded in 1951. Since 1976, the company has been part of the Otto Group which is one of the biggest German online retailers, currently employing around 4,300 people in Germany within its numerous subsidies.


Sources

  • 11 December 2015: Focus Online
  • 15 December 2015: Textilwirtschaft Online

Citation

Eurofound (2015), Heine, Internal restructuring in Germany, factsheet number 86034, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86034.