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General

Ceconomy starts restructuring programme to cut EUR 110-130 mln in costs

Tuesday 30 April 2019 | 10:21 CET | News

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Ceconomy, the owner of MediaMarkt and Saturn retail chains, announced the start of a restructuring programme to cut annual indirect spending and personnel costs by EUR 110-130 million by its fiscal year to September 2021. The implementation of the programme will cost approximately EUR 150-170 million in the current financial year, excluding EUR 34 million on management changes. 

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Categories: General
Companies: Ceconomy / Mediamarkt
Countries: Europe / Germany
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