Companies

Görtz layoffs 93 employees

Mar 12, 2025 Germany

The German shoe retailer has announced 93 redundancies after the Federal Employment Agency rejected its application for pre-financing of insolvency benefits, affecting around 400 employees

“The Federal Employment Agency has rejected the application of Görtz Retail GmbH, which is in preliminary insolvency proceedings, for pre-financing of insolvency benefits for around 400 employees”, the company said.

In addition, “it can be assumed that the same decisions will be made regarding the applications for Görtz Holding GmbH and Atlant Logistik GmbH”. This will affect a further 100 employees.

The 93 redundancies announced will mainly affect workers at sites that have already been permanently closed. No further redundancies are planned for the time being, and the remaining employees will continue to work under their existing contracts in the remaining Görtz stores across Germany.

The footwear retailer filed for insolvency again in January 2025, after its previous insolvency proceedings ended in July 2023, with several media outlets reporting problems with rent arrears and even eviction proceedings in many Görtz stores.

While the immediate future remains uncertain, provisional insolvency administrator Gideon Böhm said he was optimistic about the ongoing search for new investors. “The number of interested parties is increasing every day, Görtz and its team in the stores have a very good reputation in the market”.

Source: shoeintelligence.com and shoez.biz

Image Credits: hamburg-business.com

Germany Companies Employment Footwear Insolvency