Retail
Major staff cuts expected at Karstadt
Karstadt is on the verge of eliminating around 2,000 jobs. The German department store group is preparing to shut down 1,950 positions, but including part-timers, the actual number of redundancies should amount to 3,000, reports the German paper Handelsblatt, referring to a letter from the Karstadt Board of Directors. The German chain recently...
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