Few were surprised by the bankruptcy of German mail-order giant Quelle, announced on Tuesday. Now, some 4,000 people will lose their jobs by November with more layoffs to follow. German commentators blame management for the retailer's demise.
With the announcement that Quelle, the 82-year-old flagship of the German mail-order business, would be liquidated, German officials are now scrambling to find a strategy for dealing with the wave of newly jobless.
On Wednesday, Rainer Bomba, the head of Bavaria's regional directorate of the German Federal Employment Agency, told reporters that roughly 4,000 of the company's 7,000 employees would be cut by Nov. 1.
Most of the rest of the company's employees will stay on only for as long as it takes the company to process existing orders, empty its inventories and sell off its assets. Quelle subsidiaries in Austria, Switzerland and Russia, where business has fared much better, are still looking for buyers.
Quelle's parent company, Arcandor, filed for insolvency in June after its request for state aid was rejected.
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the image says , means, 75(th) year(s) of German gifts/presents . Jesus Christ, and the Germans really know how to do business and are very smart people , wait til it hits dumb ass Uhmerica ohh oh . hehehe
ReplyDeleteMy advice to Quelle's employees:
ReplyDeleteStuff your pockets with as much as you can!
Strip them offices BARE baby!
Roll out the warehouse with rental trucks full of stuff!
Yeehaw!!
Funny, I don't see Jesus in that pic 4:05
ReplyDeleteOh, you were just adding that for emphasis, I get it
You could have gotten your point across with out that interjected in there.
12.59 pm . Jesus doesnt even exit , let alone him doing business
ReplyDeleteWould buy your 400 Depression and Survival guide, but you need a little more marketing or catalog description of stuff thats in their.
ReplyDeleteThe only thing I see ,so far, on this page of any usefulness is the Buddy Bar, Survivalist Seeds and Dehydrated Food.