Otto Group leads OTTO, Baur & Schwab into future

26 Sep '12

5 min read

Based on the just under 8,000 jobs at the Otto Group in Hamburg, this equates to a maximum share of six per cent.

At Baur in Burgkunstadt, up to 210 full-time positions could be affected by a headcount reduction, equating to a maximum of 10 per cent of the total number of 2,165 positions at the Baur brand. Based on the Baur Group’s total of 3,296 full-time positions in Upper Franconia, a maximum of seven per cent may be affected. At Schwab in Hanau, a maximum of 40 positions could be affected, that is, a maximum of five per cent of the 913 full-time positions.

As already announced, business-related redundancies cannot be ruled out. That said, a large percentage of changesshould be cushioned through attrition or other socially-acceptable measures in the Group.

“We are a family company and are committed to the values associated with that such as reliability and loyalty. That is why, just as with previous projects, we will go about things in a socially acceptable way and do everything conceivable to avoid business-related redundancies. We aim to secure the long-term future viability of our companies and brands for our customers and our employees”, says Schrader.

Otto Group

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