Monday, October 24, 2016

Kaiser’s Tengelmann, the former Chancellor Schröder to finishing for the supermarket chain – the TIME ONLINE

In the dispute over the Takeover of the supermarket chain Kaiser’s Tengelmann, there will be a conciliation procedure, under the direction of former Chancellor Gerhard Schröder (SPD). On the proposal of the Federal Minister of Economics Sigmar Gabriel (SPD) and the trade Union Verdi, Edeka, Tengelmann and Rewe, agreed with the Federal Ministry of economy informed. For the duration of the procedure, the Delivery of Tengelmann will be effected stores to any third party.

As a consultant, Schröder will have to pull the long-time Chairman of the expert Council for the assessment of the overall economic situation in Germany, Bert Rürup. For the companies participating, according to the Chairman of the Board at the Mediation. The aim is “to provide, on the basis of the Ministerial approval, in a timely manner a balancing of interests between the Parties”.

The supermarket chain Kaiser’s Tengelmann has for some time been no longer profitable. Owner Karl-Erivan Haub planned, therefore, a sale of the chain to another food retailer. Edeka wanted to take over the approximately 450 stores originally. Against this proposal the other competitors, Rewe-Group, Distinctive and Norma complained, however. Also, a special permission from the Federal Minister of Economics Gabriel to the merger of Tengelmann, and Edeka was stopped after a complaint from Rewe.

Then there were long negotiations between the largest retail chains in Germany about the future of Kaiser’s Tengelmann. However, the counterparty may have in its negotiations fail to agree, to maintain the food chain as a Whole, in order to let you, in the future, in one of the large German supermarket chains to rise. Also, an intermediate solution seems to have failed after the larger parts of the company under the various interested parties as a block split would have been.

Recently was, therefore, a destruction of the chain always more likely to be at risk around 16,000 jobs. Haub wants to dismantle the loss-making chain with more than 15,000 employees, there should be no agreement on the sale. He is already collecting bids from interested parties for the markets in North Rhine-Westphalia. Only the action of the Rewe prevents a sale of Kaiser’s Tengelmann to Rewe. Distinctive and Norma had announced their claims to the concessions to be withdrawn.


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