Migros Zurich To Restructure Tegut – 120 Jobs At Risk
Migros Zurich plans to restructure its German subsidiary, Tegut, putting approximately 120 full-time jobs at risk.
The decision follows the inability of the banner to leverage existing market potential and generate sufficient sales and profit, the company noted.
Restructuring Programme
Migros Zurich aims to secure the future of the Tegut with this restructuring programme.
The programme will involve job cuts in Tegut’s central services, which have contributed to increased costs in recent years.
Underperforming Tegut stores will be handed over to new operators, and approximately 10% of the outlets will be affected.
The company’s management will also change, with managing director Thomas Gutberlet stepping down immediately.
Patrik Pörtig, managing director of the Migros Zurich Cooperative, stated, “I have great respect for Thomas Gutberlet’s decision and thank him for his many years of work.”
New Management
With Gutberlet’s departure, the responsibility for running the company will be transferred to the new management team, the company noted.
The new team comprises Sven Kispalko, chief restructuring officer (CRO) and spokesperson of the management board; Karl-Christian Bay, chief financial officer (CFO); and Robert Schweininger, chief operating officer (COO).
Pörtig added, “We are convinced that these drastic measures are necessary to secure the future of Tegut […] and to achieve robust results in the future.
“It is very regrettable that employees of Tegut […] have to leave the company. It is very important to us to implement the reduction in the most socially acceptable way possible.”
In April of this year, the German retailer restructured and expanded its management board to include four new members, with Schweininger, previously head of purchasing, taking over as the managing director of the newly created sales-and-purchasing department.
ESM
Related news
Lidl Switzerland adds fresh chilled products to food rescue programme
Lidl Switzerland has stepped up its food waste prevention programme…
Read more >Mondelēz investing $79M in Switzerland Toblerone factory
The snacks maker said the investment will help its goal…
Read more >Danone Restructures Production In Germany With Planned Closure Of Milk Factory
French dairy giant Danone has announced a restructuring of its…
Read more >Related news
GKI Analysis: Without EU funds, the domestic economy would just flounder
On May 1, Hungary marks the 21st anniversary of joining…
Read more >Csökkentette az élelmiszerárakat az árrésstop és az online Árfigyelő bővítése
2025 áprilisában csökkent az infláció és az élelmiszerárak növekedési üteme…
Read more >NGM: we always take action against unjustified price increases, inflation may decrease further in the coming months
The government is successfully fighting price increases. In April, inflation…
Read more >