The Department store chain Galeria Kaufhof plans to cut 2600 jobs. “In his current condition, Galeria Kaufhof is survival in the long term,” said the chief of the after the merger with Karstadt community based company, Stephan Fanderl, on Friday a message of the company, according to. In addition, the common core is supposed to be in the former Karstadt Headquarters in Essen, Germany.

The economic recovery of Karstadt warenhaus shows, however, that, in perspective, the Fanderl said the house business were in Germany back in successfully and can be profitable“. The strategy could, however, be rolled to Kaufhof, if the company get back on a stable basis. There is a short-term financial needs in the three-digit million amount.

the management of The new joint venture had elaborated a comprehensive remediation concept for Kaufhof, – stated in the message. This Friday the Council had for the first time, as well as in connection with the employees about the planned measures have been informed.