After years of dispute, the planned division of the Oetker Group into two parts has been completed. Does this have an impact on the employees?
After a decade-long dispute about the direction of Dr. Oetker announced in July the split of the Oetker Group into two parts has been completed. The two new corporate groups announced this on Tuesday in Bielefeld.
The shareholders Alfred, Carl Ferdinand and Julia Johanna Oetker take over the subsidiaries Henkell & Co. Sektkellerei, Martin Braun Backmittel KG, the Budenheim chemical factory, some hotels from the hotel division and the August Oetker art collection under one roof. The group is led by Geschwister Oetker Beteiligungen KG.
The part with the highest turnover with food (pizzas, baking mixes, frozen cakes and pudding), the Radeberger Group and some hotels remain in the hands of the shareholders of Richard and Philip Oetker, Rudolf Louis Schweizer, Markus von Luttitz and Ludwig Graf Douglas. This group is led by the Dr. August Oetker KG.
“The decision has no impact on the employees in the individual companies of the Oetker Group,” it said in July. For Dr. Oetker and its subsidiaries had around 37,000 employees worldwide at the end of 2020. In 2020, Dr. Oetker reports sales of more than 7.3 billion euros. At the beginning of October, the group, which was still undivided at the time, announced that Bankhaus Lampe had been sold to Hauck & Aufhäuser Privatbankiers AG.
Source From: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
