Based on the just under 8,000 jobs at the Otto Group in Hamburg, this equates to a maximum share of six per cent.
From a position of strength the Otto Group is investing in the further development of the OTTO, Baur and Schwab brands with its future-orientated #
At Baur in Burgkunstadt, up to 210 full-time positions could be affected by a headcount reduction, equating to a maximum of 10 per cent of the total number of 2,165 positions at the Baur brand. Based on the Baur Group’s total of 3,296 full-time positions in Upper Franconia, a maximum of seven per cent may be affected. At Schwab in Hanau, a maximum of 40 positions could be affected, that is, a maximum of five per cent of the 913 full-time positions.
From a position of strength the Otto Group is investing in the further development of the OTTO, Baur and Schwab brands with its future-orientated #
As already announced, business-related redundancies cannot be ruled out. That said, a large percentage of changesshould be cushioned through attrition or other socially-acceptable measures in the Group.
“We are a family company and are committed to the values associated with that such as reliability and loyalty. That is why, just as with previous projects, we will go about things in a socially acceptable way and do everything conceivable to avoid business-related redundancies. We aim to secure the long-term future viability of our companies and brands for our customers and our employees”, says Schrader.
Otto Group
marketing@alchempro.com
