/cloudfront-eu-central-1.images.arcpublishing.com/madsack/NGAG7PVQNFDJVN6DSJ64OUNUGY.jpg?fit=%2C&ssl=1 "“Primark to shut down four stores in Germany, cutting 420 jobs”")
420 jobs
Cheap fashion chain Primark wants to close four stores in Germany
The cheap fashion chain Primark wants to close four stores in Germany and cut 420 jobs.
© Quelle: picture alliance / empics
Essen . The cheap fashion chain Primark wants to close four stores in Germany and cut 420 jobs. It is “overrepresented” in some regions and profitability in the German stores is “at an unacceptable level,” said a management letter to the workforce on Tuesday. The shops in Gelsenkirchen, Krefeld, Kaiserslautern and in the Frankfurt Northwest Center are affected by the realignment. Negotiations will begin with the employee side about the closure plans.
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Primark currently has a good 4,500 employees and 30 shops in Germany. The chain is owned by conglomerate Associated British Foods (AB Foods), which reported falling profits on Tuesday. The reason given by the group was increased costs, which were not all passed on to customers.
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The agreements should be designed “as socially acceptable as possible”, it said. “We regret it if layoffs become necessary, but the planned adjustment measures are unavoidable.” The profitability must be guaranteed in order to preserve the other jobs in the long term. Other existing shops are to be downsized. In addition, the company is examining investments in new locations – but only where “the risk of cannibalization with existing stores is low”.
RND/dpa
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