Status: 03/27/2023 8:30 p.m
The creditors of Galeria Karstadt Kaufhof approved a restructuring plan on Monday. Now it is clear: the branches in Goslar and Göttingen will remain.
For the employees of the two locations Decision groundbreaking, said ver.di union secretary Marc Jäger. Nevertheless, according to him, positions are to be reduced at both locations. In Göttingen, about 35 of the approximately 115. According to Jäger, the areas of both department stores are also to be reduced in the future.
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The future of the Braunschweig branch is still uncertain
It is not yet clear how the branch in Braunschweig will continue. The Volksbank Braunschweig-Wolfsburg and the department store group are said to be negotiating with each other. Business circles also said on Monday that there were still talks with landlords and municipalities. It is therefore possible that a few more branches could be saved.
Creditors waive more than 1.3 billion euros
According to trustee Frank Kebekus, if the creditors had rejected the insolvency plan, the consequences would have been catastrophic. The closure of all branches and the termination of all employees was then unavoidable. According to the chief representative Arndt Geiwitz, suppliers, landlords and other creditors are waiving more than 1.3 billion euros by signing the restructuring plan. Nationwide, 47 branches of the department store chain are to close.
These branches in Lower Saxony and Bremen are to close:
- That as of June 30, 2023
- Braunschweig as of January 31, 2024
- Hildesheim as of January 31, 2024
- Bremen as of January 31, 2024
These branches will remain in Lower Saxony:
- Goslar
- Oldenburg
- Göttingen
- Hannover
- Lueneburg
Further information
