date:May 08, 2014
stores could not work economically.
Talks are due to begin at the end of this week between Tengelmann and the trade union Verdi, who will represent the almost 500 employees who will be affected.
Sales for Kaiser Tengelmann decreased slightly in 2013 to 2.13 billion. The company withdrew from the Rhine-Main area of Germany in 2010, but it still operates the regions of Berlin, Munich and Upper Bavaria.