Staff at struggling German retail giant agree to tighten belts (AFP)
Employees of the embattled German department store chain Karstadt, owned by the insolvent retail group Arcandor, agreed Saturday to take salary cuts as part of a last-ditch effort to save their jobs. Staff representatives and Arcandor's judicial administrator agreed on cost cuts of 150 million...
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- News Source: Xtra News | 19 days agoEmployees of the embattled German department store chain Karstadt, owned by the insolvent retail group Arcandor, agreed Saturday to take salary cuts as part of a last-ditch effort to save their jobs. Staff representatives and Arcandor's judicial...
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