Type
Internal restructuring
Country
Germany
Region
Hamburg;
Location of affected unit(s)
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

270 jobs
Number of planned job losses
Job loss
Announcement Date
12 June 2013
Employment effect (start)
Foreseen end date
1 January 2015

Description

German mail-order shopping company Otto group will cut 270 jobs at the subsidiaries Otto-Versand, Baur-Versand and Schwab-Versand by 2015. 200 jobs will be cut at Otto, 60 at Baur and 10 at Schwab. This is another measure of the austerity programme "Fokus". Furthermore Otto aims to become a more competetive online-trading company.

In 2013 Otto group had 54.000 employees.

For previous restructurng see here.


Sources

  • 12 June 2013: Abendblatt

Citation

Eurofound (2013), Otto, Internal restructuring in Germany, factsheet number 75562, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75562.