Verdi: “Alsterhaus belongs to Hamburg”. Verdi union is demanding job security and predictable prospects for the department store's employees.

The KaDeWe Group, which, in addition to the Alsterhaus, includes the luxury department stores Ka deWe in Berlin and Oberpollinger in Munich, filed for self-administration insolvency proceedings on Monday. This variant of insolvence law aims to restructure a company instead of winding it up. The chances of preserving the house on Jungfernstieg are good, says Verdi.