Radical change of course at Depot: boss takes over, branches close. Depot records losses: branch closures and job cuts planned to save the company.

90 locations under scrutiny: “Hope to keep at least half of the branches at risk” “Depot’ in the crisis: strategic package of measures intended to make companies fit for the future.” In Germany, the austerity measures are expected to lead to staff cuts, both in the branches and at headquarters. “I am firmly optimistic,” says owner Christian Gries.