Germany: Karstadt department store to shed 2000 jobs

Germany: Karstadt department store to shed 2000 jobs
Some 2,000 of the current 25,000-strong workforce would be eliminated by 2014, Karstadt's CEO Andrew Jennings said on Tuesday at the company's Essen headquarters. Seventy percent of the job cuts will fall on just 15 of the 83 Karstadt stores. In some …
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