Employees at Germany’s Galeria Karstadt Kaufhof department stores, which adorn many of the country’s city centers, have long been fearful for their jobs. Corinna Gross, head of the national retail group at Germany’s major trade union Verdi, told DW that some felt “absolute insecurity.”
Over the years, employees have already weathered two insolvencies. Of the 170 branches owned by the company in 2020, only 91 remain. Just this spring, Galeria presented an insolvency plan to shore up…