EMCC European Monitoring Centre on Change

Weltbild

Company/Organisation:
Weltbild

Geographic Location

Country: Germany

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.61 - Retail sale of books in specialised stores
Number Employed: 2600

Employment Effects

Announcement Date: 06-11-2014
Planned Job Reductions min: 200
Planned Job Reductions max: 200
Type of Restructuring: Internal restructuring
Employment Effect Start: 06-11-2014
Foreseen End Date: 31-01-2015
Direct Dismissals: 200

Additional Information

On 6 November 2014, book retail chain Weltbild announced the further cutting of 200 jobs. 100 employees will be dismissed before Christmas and the remaining 100 be dismissed by February 2015.

Weltbild had filed for bankruptcy and therefore has already dismissed around 600 people (see FS 2014). As reported by several newspapers, approximately 1,000 people have already been dismissed by Weltbild. As a result, 2,600 employees currently remain employed by the company.

The Droege Group, as new investor, had promised not to cut further jobs until July. The works council is thus complaining about the announcement that jobs will be cut both this year and early next year. Droege stated that Weltbild had failed to comply with the restructuring plan, making additional reductions necessary.

The restructuring at Weltbild had already begun in autumn 2013 when the ERM reported on 140 announced job losses.