LIVE TICKER - Restructuring at Migros – the uniform cooperative is coming +++ CEO Mario Irminger resigns
Speculation is growing that the regional cooperatives of Migros will merge to form a single cooperative. Migros Group is now holding a press conference.
The Migros Group is planning to merge its 10 regional cooperatives into a single cooperative, with the goal of creating a more efficient and competitive company. The merger, which will be decided by over 2 million Migros members in 2027, aims to simplify the company's structure and reduce management costs, but not to cut jobs, with CEO Mario Irminger stating that there will be no layoffs due to the new structure until mid-2028.
Irminger will step down as CEO in 2027, citing the need for fresh leadership to drive the transformation. The new structure will maintain regional representation and democratic participation, with six regional councils and a national delegates' assembly.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
