Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Burgkunstadt
Sector
Wholesale / Retail
Retail trade
Intermediation service activities for retail sale
47.91 - Intermediation service activities for non-specialised retail sale

200 jobs
Number of planned job losses
Job loss
Announcement Date
14 October 2004
Employment effect (start)
14 October 2004
Foreseen end date
31 December 2005

Description

Baur Versand, a subsidiary to the German mail order group Otto, is planning to cut around 200 jobs by the end of 2005. At present, the company employs 3,000 staff. The company says that it registered a drop in turnover of around 10% in 2003, to € 867 million. Large parts of the company's purchasing department are now to be merged with Otto's activities in Hamburg.


Sources

  • 14 October 2004: Süddeutsche Zeitung

Citation

Eurofound (2004), Baur Versand, Internal restructuring in Germany, factsheet number 60658, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60658.