PODCAST “Behind the Headline”
Migros has an issue: How does it get out of this drawback?
Migros has been dragging himself from one disaster to the following for a 12 months. It is now slicing 150 jobs in Zurich. There ought to be 1,500 full-time positions as a part of the XXL cuts. How may Migros crash like that? And how do you get again on observe?
“After” the topic
Episode 78
Migros has an issue: How does it get out of this drawback?
It did not come as a shock, however the information was nonetheless laborious to digest: Migros is slicing 150 jobs at its Limmatplatz location in Zurich on Tuesday. Switzerland’s largest employer needs to chop a complete of 1,500 jobs. Migros additionally sells a number of subsidiaries, akin to journey supplier Hotelplan and cosmetics firm Mibelle. To whom? No one is aware of that but.
“Migros ought to concentrate on its core enterprise once more,” stated Florence Vuichard, head of economics at CH Media. “There hasn’t been sufficient cash coming in over time. And if the fundamental enterprise does not work, remember about the remaining. ” The proven fact that the sale of subsidiaries is notified earlier than the client indicators is an odd course of. “It seems just like the final retailer at a flea market.”
How may Migros make such a mistake in your technique? What does a sustainable co-op resolution seem like? And how a lot change can a conventional Swiss firm tolerate?