EMCC European Monitoring Centre on Change

Schlecker

Company/Organisation:
Schlecker

Geographic Location

Country: Germany

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
46.18 - Agents specialised in the sale of other particular products
Number Employed: 32000
Group: Schlecker

Employment Effects

Announcement Date: 07-03-2012
Planned Job Reductions min: 11750
Planned Job Reductions max: 11750
Type of Restructuring: Bankruptcy
Employment Effect Start: 01-04-2012

Additional Information

At the end of January 2012, Schlecker, a major family-owned German drug store chain, filed for insolvency. 11,750 jobs cuts were announced.

The company could no longer manage a restructuring programme that was meant to raise competitiveness. On the 7th of March, the insolvency manager announced his restructuring plans for finding an investor. Plans comprised the closing of about half of all chain stores and the cutting of 11,750 jobs out of a total of 25.250. On 28 March, state subsidies to finance a job transfer agency for Schlecker employees were rejected by the Liberal Party. In the following, about 10,000 employees lost their jobs.

As reported in June, attempts to find investors for Schlecker subsidiaries Schlecker XL have not been successful. The Schlecker XL insolvency affects 1,100 employees.

UPDATE 09.10.2012: As reported in October 2012, Rossmann has hired about 2,000 of the redundant Schlecker workers, most of them from former IhrPlatz branches.