The retail giant Tchibo is massively cutting staff and is not ruling out redundancies. The usual salary increase will also be cancelled this year.
Hamburg – For the Hamburg-based retail group and coffee roaster Tchibo, things are apparently going massively downhill after the successful year 2021: After a very bad year in 2022, the group is reportedly having problems getting rid of its goods. Now Tchibo has even announced its intention to cut around 300 jobs by the end of the year.
This also applies to the administration in Hamburg, a company spokesman told the German Press Agency. "After a significant increase in staff during the pandemic, we will thus return the structures to pre-Corona levels."
A "Tchibo" branch in Greifswald's city centre. © Stefan Sauer/dpa-Zentralbild/dpa
Tchibo cuts jobs – and does not rule out redundancies
This is to be achieved, for example, by eliminating vacant positions, the expiry of temporary contracts and fluctuation. "However, redundancies for operational reasons cannot be ruled out," the spokesman said. The employees had already been informed about the plans in April.
Previously, the daily newspaper Die Welt had reported on it. The paper refers to an internal letter. Just a few weeks ago, employees were told that the usual annual salary increase would be cancelled this year. In addition, the newspaper reports that the group would close more and more branches.
Tchibo has 7100 employees in Germany
The coffee company still has around 7100 employees in Germany, and together with its foreign business, there are over 11,000 jobs. Tchibo is 100 percent owned by the Maxingvest holding company, in which part of the Hamburg-based Herz family has bundled its shareholdings. Maxingvest's second pillar is its majority stake in the Hamburg-based Nivea manufacturer and DAX group Beiersdorf (a good 51 percent), which also includes the adhesive film producer Tesa. (lma/dpa)
