Kommentar: Ein Schrecken ohne Ende – Galeria hat nur etwas Zeit gewonnen
Für die Mitarbeiter ist die Entscheidung, dass Insolvenzgeld bezahlt wird, eine gute Nachricht. An den schlechten Aussichten für den Warenhauskonzern ändert das aber nichts.
After years of following the drama surrounding Galeria, one hopes the involved parties would simply embrace a cliché, even if it is overused. In the case of the department store chain, however, it seems more beneficial to end with fear rather than an endless fear. Despite four bankruptcies in six years, management, financiers, and employees have managed to breathe life back into the company.
The Federal Agency for Labor approved redundancy payments for the employees, covering their wages and salaries in the 83 stores until the end of the year. This was not a given, as Galeria had not yet completed the final proceedings. Insolvency experts had advised against it, and the agency's decision gave the employees a welcome respite.
The agency's ruling also provided Frank Kebekus, the insolvency administrator, with three months to decide the future of Galeria. However, this extension of the company's ordeal ultimately serves no one. If a company must file for bankruptcy every two years, given the multitude of rescue attempts, it is time to accept the harsh reality: the market and customers no longer need Galeria and traditional department stores.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
