EMCC European Monitoring Centre on Change

WMF

Company/Organisation:
WMF

Geographic Location

Country: World
Location of affected unit(s): Germany, Switzerland, Austria

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.5 - Retail sale of other household equipment in specialised stores
Number Employed: 6100

Employment Effects

Announcement Date: 04-04-2014
Planned Job Reductions min: 390
Planned Job Reductions max: 600
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-06-2014
Foreseen End Date: 31-12-2015

Additional Information

German tableware manufacturer WMF group announced plans to cut up to 600 jobs.

According to the sources WMF group is to close 50 stores by the end of 2014 with the consequent loss of up to 390 jobs. As reported, the job reduction measure is part of the group’s “strategic transformation programme” due to a decline in sales in 2013, aiming to improve its market position internationally. The job reduction measure could affect stores in Germany, Austria and Switzerland.

In addition, the group has also announced plans to restructure by the end of 2015 its logistics division and centralise its activities in two facilities in Germany. There will be negotiations with the works council in the next months. As announced the plan envisages approximately 400 further job cuts. It is not clear yet in which countries the cost cutting measure will take place; WMF group employs in total 470 people at its logistics division. As reported, according to IG Metal, 170 jobs are at stake in Geislingen in Germany.

A large protest was held on 22th May against the proposed job cuts.