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Insolvency: What Galeria Karstadt Kaufhof employees need to know now

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Insolvency: What Galeria Karstadt Kaufhof employees need to know now

After the third bankruptcy in three years, GKK employees have many questions. picture alliance/dpa | Uwe Zucchi

The department store chain Galeria Karstadt Kaufhof (GKK) has had to file for bankruptcy for the third time in three years.

There are now many questions for employees. It’s about insolvency money and possible layoffs.

A labor lawyer explains to Business Insider what Galeria employees have to do now and what entitlements they have.

It sounds like every employee’s nightmare: The department store chain Galeria Karstadt Kaufhof (GKK) filed for bankruptcy on Tuesday for the third time in three years. After the turbulence at the Austrian parent company Signa, employees may have expected this step.

For many department store employees, bankruptcy is nothing new – that doesn’t change the uncertainty and unanswered questions, including about their own rights and obligations. Pascal Croset, Specialist lawyer for labor law from Berlinexplains at Business Insider what Galeria employees have to do now and what demands they have:

Read too

Galeria Karstadt Kaufhof: Internal documents show how consultants earned millions from the department store chain’s bankruptcy

Apply for insolvency benefit at the employment agency

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