Verdi is fighting to preserve the Galeria locations in Baden-Württemberg
Quick Look
- The Verdi union is committed to preserving the Galeria locations and jobs in Baden-Württemberg.
- After the department store chain filed for bankruptcy for the fourth time in six years, the union is seeking dialogue with municipalities and politicians.
AI-generated summary
Why It Matters
The Galeria department store chain has filed for bankruptcy at the Düsseldorf District Court for the fourth time in six years. In Baden-Württemberg, around 1,500 employees in twelve branches are affected.
The Verdi union wants to involve municipalities and politicians in Baden-Württemberg to fight for the preservation of the Galeria locations. Verdi representative Wolfgang Krüger said in Stuttgart that everything will be done to ensure that the Galeria locations and as many jobs as possible are preserved. “We will contact the affected municipalities and political decision-makers to exchange solutions.”
The department stores still have a significant importance for the inner cities, which we must work together for. “At the top it now says: The Galeria employees deserve all of our solidarity!”
The Düsseldorf District Court ordered preliminary insolvency proceedings for the department store chain. According to the court, this is a standard insolvency procedure. The lawyer Frank Kebekus was appointed as the provisional insolvency administrator. He should now check whether there are reasons for opening insolvency proceedings and whether the procedural costs are covered by the assets.
Galeria S.à r.l. & Co. KG applied to the court on Friday to open proceedings. This is the company's fourth bankruptcy filing within six years. It remains to be seen whether locations will have to close. It is still unclear whether the employees will receive insolvency money.
The approximately 1,500 men and women in the remaining twelve branches in Baden-Württemberg now have to fear for their future in insolvency proceedings for the fourth time.
What to Watch
AI outlook — possibilities, not facts
Examination of the reasons for insolvency by Frank Kebekus
Very likely · Within weeks
Open Questions
- Are locations being closed?
- Do employees receive insolvency benefits?
