Cuts: Tchibo wants to cut around 300 jobs

Cuts: Tchibo wants to cut around 300 jobs

The Group does not rule out redundancies for operational reasons. The usual salary increase will also be canceled this year.

The Hamburg trading group and coffee roaster Tchibo wants to cut around 300 jobs by the end of the year. This also affects the administration in Hamburg, said a company spokesman for the German Press Agency. “After a significant increase in personnel during the pandemic, we will thus bring the structures back to the pre-corona level.”

This should be achieved, for example, by eliminating vacancies, expiring temporary contracts and employee turnover. “Operational redundancies cannot be ruled out,” said the spokesman. The employees were informed of the plans in April.

The daily newspaper “Die Welt” had previously reported on it. The paper relies on an internal letter. Just a few weeks ago, employees were informed that the usual annual salary increase would not take place this year.

The coffee group still has around 7,100 employees in Germany, together with the foreign business there are over 11,000 jobs. Tchibo is 100 percent owned by the Maxingvest holding, in which part of the Hamburg family Herz has bundled its holdings. The second pillar of Maxingvest is the majority stake in the Hamburg Nivea manufacturer and Dax group Beiersdorf (a good 51 percent), which also includes the adhesive film producer Tesa.

Source: Stern

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