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 47.91 - Retail sale via mail order houses or via Internet
200 jobs Number of planned job losses
Announcement Date
1 June 2012
Employment effect (start)
1 June 2012
Foreseen end date
Description
As announced on 1 June 2012, a German mail order company Versandhaus Walz will cut 200 jobs in Germany.
In total, Versandhaus Walz employs 1,300 people in Germany, 1,000 of them in Bad Waldsee, where most of the job cuts will take place. The company announced that 100 job cuts will affect employees on fixed term contracts, which are to expire. The other 100 jobs will be cut through natural wastage.
According to the Versandhaus Walz representatives, job cuts are necessary due to the increasing competition in online sales and the rapid digitalization of the business.
The exact timeline for the restructuring is yet to be announced.
Sources
31 May 2012: Schwäbische Zeitung (online)
1 June 2012: Versandhaus Walz (PR)
Citation
Eurofound (2012), Versandhaus Walz, Internal restructuring in Germany, factsheet number 73739, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73739.
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