Austerity course
Grocery retailer Tegut is cutting more than 100 jobs
Bad news for the grocer Tegut: The Swiss parent company Migros is taking the red pencil.
The grocer Tegut, based in Fulda, has to save money and cut jobs. A total of 120 full-time positions in central services would be cut and new operators would be sought for around ten percent of the branches, said the parent company, Cooperative Migros Zurich. In addition, managing director Thomas Gutberlet from the founding family will be leaving the company; he has been in the post since 2009. Most recently, Tegut had around 340 branches in Germany, employing around 7,700 people there.
“Tegut has not been able to exploit the existing market potential in recent years,” Migros Zurich continued. “The company reports inadequate sales and profitability development.” Tegut’s sustainable positioning is currently in a difficult situation. “It is very regrettable that Tegut employees have to leave the company. It is very important to us to implement the reduction in the most socially responsible way possible,” said the managing director of the Migros Zurich cooperative, Patrik Portig.
With an above-average share of regional products and organic goods, Tegut was successful for many years in Hesse, southern Lower Saxony, Thuringia, Rhineland-Palatinate, Baden-Württemberg and Bavaria, but was then taken over by the Migros Zurich cooperative at the end of 2012. According to the announcement, Thomas Gutberlet has decided to leave the company. Sven Kispalko from the Zurich cooperative will take his place.
Communication from the Migros Cooperative Zurich
dpa
Source: Stern
