German Chancellor on Final Round Discussions with Kaiser’s Tengelmann

German Chancellor on Final Round Discussions with Kaiser’s Tengelmann

 

German Chancellor Angela Merkel accelerated the pressure on the nation’s leading retailers to find a compromise to save up to 8,000 jobs threatened in a long running battle in Kaiser’s Tengelmann group. Discussions between other supermarket groups such as Norma, Rewe Markant and Edeka for finding a solution to the crisis that has engulfed Kaiser’s Tengelmann collapsed in the previous week, resulting in the store owner’s announcing the plans to proceed with the shut-down of the firm.

More than half of Kaiser’s Tengelmann’s total labour force of 15,000 is threatened by the organisation’s breakup plans, its spokesperson commented. The company should not leave any stone unturned in order to seek to reach a consensus in behalf of the interests of those affected, Steffen Seibert, Merkel’s  spokesman told. He added that the chancellor backed the appeal from Minister for Economic Affairs Sigmar Gabriel for the companies to find a feasible solution to the supermarket’s crisis and not to break off with the negotiations. He added that they are checking the possibility of appointing a conciliator to help to oversee the talks.

 

You must be logged in to post a comment Login