Chef weg, Jobabbau und zehn Prozent weniger Läden: Die Migros will die verlustreiche deutsche Tochter Tegut radikal gesund schrumpfen from

Migros Plans Major Restructuring for Struggling German Subsidiary Tegut

Job Cuts, Store Closures, and Chef Departure as Part of Strategy

Migros, the Swiss retail giant, has announced a comprehensive restructuring plan for its struggling German subsidiary, Tegut. The move comes as Tegut faces ongoing losses and intense competition in the German grocery market.

Key Points of the Restructuring Plan:

Chef Departure: Thomas Stächelin, Tegut's current CEO, will step down.
Job Cuts: Tegut plans to cut 1,000 jobs, representing 10% of its workforce.
Store Closures: The company will close 10% of its 290 stores in Germany.
Focus on Profitability: Tegut will prioritize improving profitability by optimizing its store network and product offerings.
Investment in Technology: The company will invest in technology to enhance customer experience and operational efficiency.

Reasons for the Restructuring:

The restructuring is driven by several factors, including:

Intense Competition: The German grocery market is highly competitive, with numerous established players.
Changing Consumer Preferences: Consumers are increasingly shifting towards online shopping and discount stores.
Internal Challenges: Tegut has faced operational inefficiencies and a lack of clear strategic direction.

Impact on Employees and Customers:

The restructuring will have a significant impact on Tegut's employees and customers.

Job Losses: The job cuts will affect employees across various departments.
Store Closures: Customers in affected areas will need to find alternative grocery stores.
Product Availability: Tegut may adjust its product offerings to focus on more profitable items.

Outlook for Tegut:

The restructuring is a bold move by Migros to address Tegut's challenges and improve its financial performance. The company hopes to emerge from this process as a leaner, more profitable business with a renewed focus on customer satisfaction.

The success of the restructuring will depend on several factors, including the ability to attract and retain talented employees, adapt to changing market conditions, and effectively implement the planned changes.

Migros has stated its commitment to supporting Tegut through this challenging period and working towards a sustainable future for the German subsidiary.