Retail: Galeria employees receive insolvency pay
The insolvency pay for the employees of the department store chain has been approved by the Federal Employment Agency.
Galeria employees will receive insolvency payments from the Federal Agency for Employment. The payments, which correspond to net salaries, will be prepaid by a bank to ensure swift disbursement. This allows the company to continue operating for now. Galeria filed for insolvency on October 2, its fourth time in six years, and has 11,250 employees across 83 locations. The company's monthly wage bill is approximately 25 million euros.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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- Department stores: Galeria employees receive insolvency pay handelsblatt.com
