Consumer electronic dealer Media Markt starts laying off its office workers
Wednesday, 24 October 2012 Consumer
electronics chain, Media Markt is laying off staff at its headquarters
in Stocksund, Sweden. The office operates 170 people and the employees
were informed on Tuesday.
which applies only to the head office and not the stores, still give
heat to the Swedish consumer electronic sector, which has seen
competitors such as Expert pushed out of the market. This came after
Onoff also went off signifying that competition in the Swedish consumer
electronics market is extremely tough.
Markt is reported to be launching an e-commerce site and plans to
launch three new stores in Gothenburg, Södertälje, and Linköping before
the year-end. This means the electronics chain would have 28 stores in
Media Markt, whose biggest challenger now in the Swedish electronic
market is El- Giganten is positioned financially remains obscured. In
May, the Swedish business weekly, Veckans Affärer, (Business Week)
published a review in which the newspaper claimed that the Germany
owned company is covering up its losses in Sweden.
Instead of the
relatively positive trend that the company has painted, the Swedish
department stores have made a common loss of Skr1.2 billion and
together have equity of minus Skr1.2 billion, the weekly claimed citing
most recent available financial statements of all the department
stores. MediaMarkt owned by Media Saturn in Germany, which in turn is
part of the German listed companies Group Metro.
Workers unions have reaffirms that on Wednesday they received a hearing request from the company: "The company
says that it wants to negotiate an organizational change, more concrete
than that, not said," says ombudsman Bengt Larsson of the worker Union
Unionen. by Scancomark.com Team
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