Type
Business expansion
Country
Germany
Region
Location of affected unit(s)
Hamburg
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

170 jobs
Number of planned job creations
Job creation
Announcement Date
18 March 2015
Employment effect (start)
18 March 2015
Foreseen end date
31 December 2015

Description

German mail-order shopping company Otto is to create at least 170 jobs in 2015. A member of the company's management board announced to hire between 250 and 300 people. Two thirds of the jobs will be newly created.

Otto has invested €60 million in the past business year and intends to increase investment to a three-digit million sum. As business with electronic devices has increased, Otto wants to extend its IT consulting department and is mainly looking for employees with IT skills for the headquarters in Hamburg.

Otto Group is one of the biggest German online retailers, currently employing 4,350 people in Germany and more than 54,000 worldwide and within its numerous subsidies. In previous years Otto has sold products mainly via catalogue orders, now 85% of orders are placed online. The last time Otto has created jobs was in 2009. In 2013, Otto Group has cut 270 jobs across various locations.


Sources

  • 19 March 2015: Hamburger Abendblatt

Citation

Eurofound (2015), Otto, Business expansion in Germany, factsheet number 79115, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79115.