Manor department stores to cut 476 jobs across Switzerland
The high street retailer Manor has announced plans to reduce approximately 5% of its workforce due to online competition and the effect of coronavirus on sales.
This content was published on
2 minutes
SDA-Keystone/ac
Português
pt
Loja de departamentos Manor corta 476 empregos em toda a Suíça
The company said the decision was part of a strategic transformation to bring its high street and online shopping arms closer together. The Basel-based firm has drawn up a redundancy plan.
The company revealed that 91 out of 830 positions will be eliminated at the Basel headquarters and 385 in department stores across the country. Manor is a significant player in the Swiss high street with 59 department stores, 30 supermarkets and 27 restaurants. The company is owned by the Geneva-based holding company Maus Frères.
There are no plans to close any subsidiaries though, as the group regularly assesses the profitability of the various sites, said a company spokesperson. In Zurich, where Manor had had to abandon its flagship location on Bahnhofstrasse after a lengthy dispute with landlord Swiss Life, the company is still “intensively” looking for an alternative solution, the spokesperson added.
The retailer, under pressure from e-commerce and weakened by the coronavirus pandemic, wants to accelerate multi-channel distribution by bringing together purchases made in its stores and online.
“The coronavirus crisis has hit the non-food sector within the retail trade hard, but it has also had a catalytic effect,” said CEO Jérôme Gilg, and that “the acceleration in our e-commerce activities is in line with our two-year progress strategy”.
Manor’s stated objective is to increase the current share of online commerce fivefold by the end of 2024. The management wants to focus on fresh products and gastronomy in the food segment and on fashion, beauty, interior decoration and household items in the non-food segment.
This content was published on
F/A-18 fighter jets will practice take offs and landings on the A1 motorway between Payerne and Avenches in canton Vaud on June 5.
Swisscom finalises financing for Vodafone Italia takeover
This content was published on
Telecoms group Swisscom has taken the next step in its takeover of Vodafone Italia and secured financing for the deal, the company said on Thursday.
Switzerland commits CHF50 million to combat rural poverty worldwide
This content was published on
The Federal Council approved a contribution of CHF49.5 million ($54.1 million) for the International Fund for Agricultural Development (IFAD).
Arrests made in raid against Turkish criminal organisation
This content was published on
A cross-border raid against a Turkish criminal organisation was conducted, including property searches in cantons Aargau and Zurich.
Up to 4,000 Swiss army soldiers to protect Ukraine peace conference
This content was published on
The Federal Council has authorised deployment of army personnel for the Ukraine peace conference on the Bürgenstock in June.
This content was published on
The business association, Swissmem, reports that there are increasing signs that the bottom of the downturn will be reached this year.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Switzerland set to fine cross-border shoppers undeterred by coronavirus
This content was published on
The government has clarified who can enter the country under current measures, as authorities are inundated with complaints over border restrictions.
This content was published on
Electronics and fashion goods dominated orders. Food accounted for just 2.8% of the total goods consumed (up from 1.8% in 2018), but the report’s authors expect orders to increase this year with people reluctant to go to supermarkets in view of the coronavirus outbreak. Online shoppers predominantly favoured Swiss products, spending CHF8.3 billion in domestic…
This content was published on
The “Shoppi” in a Zurich-area suburb changed the Swiss shopping style.
Prosperity in Switzerland rose massively after the Second World War.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.