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 Via Stalls And Markets Or Other 47.82 - Retail Sale Via Stalls And Markets Of Textiles, Clothing And Footwear
200 jobs Number of planned job losses
Announcement Date
29 June 2023
Employment effect (start)
29 June 2023
Foreseen end date
30 September 2023
Description
Salamander, a shoe retail chain and part of the German parent company ARA-Group, is closing all stores at all locations in Austria by September 2023. To this end, 200 employees will lose their jobs.
Repercussions of the COVID-19 pandemic and inflation are cited as reasons for the closure. The layoffs mainly affect women, the majority of people that are employed in retail. In 2021, Salamander has accumulated a net loss of more than nine million euros in Austria. At the same time, a sell-off is starting in order to prevent the company from becoming insolvent. According to Salamander CEO Jens Peter Klatt, the company has been sold to a new company.
Eurofound (2023), Salamander, Closure in Austria, factsheet number 109285, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/109285.
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