Mainz's Galeria Kaufhof location will stay open.

Merchandising sector - Mainz's Galeria Kaufhof location will stay open.

In the city of Mainz, home to the Rhineland-Palatinate state, the department store chain Galeria Karstadt Kaufhof's location will remain intact. Negotiations have led to a significant reduction in rental fees, allowing the business to run until 2028. This news was shared by Torsten Außem, branch manager, and Nino Haase, the independent mayor, on Friday. Approximately 150 employees at the location will keep their jobs, and all previously scheduled terminations have been canceled.

Labor Minister Alexander Schweitzer (SPD) expressed relief at the successful preservation of the Mainz location. He praised the efforts of the city, Galeria's management, and the workers' council in creating a future plan for the location. Schweitzer emphasized the importance of investing in innovative ideas and skilled staff for a brighter future for Galeria.

He added, "I have promised the Galeria management my support for the Rhineland-Palatinate locations as part of the state's qualification initiatives."

Earlier, Galeria had announced that six stores with about 500 jobs would not shut down during their chain's restructuring process. In addition to Mainz, these locations include Berlin-Spandau, Cologne (Breite Straße), Mannheim, Oldenburg, and Würzburg. Initially, 16 locations were slated to close on August 31. However, this number has now been reduced to ten, meaning 82 stores will continue to operate.

Out of the current 92 stores, 16 were marked for closure, but now only 10 will be affected. This means that 82 stores will remain intact. Overall, around 900 jobs will be lost due to the store's insolvency, while approximately 11,900 will be retained.

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1. Despite the challenges faced by retail trade in Baden-Württemberg, the Galeria Kaufhof in Mainz, a city in Rhineland-Palatinate, will continue its operations.
2. As reported by Galeria Kaufhof, stores in Lower Saxony, specifically Oldenburg, and North Rhine-Westphalia, such as Cologne (Breite Straße), will also be spared from closure.
3. Alexander Schweitzer, the Labor Minister from SPD in Germany, commended the collaboration between the city, Galeria's management, and the workers' council for preserving the Mainz location.
4. The department store group, Galeria Karstadt Kaufhof, initially planned to close 16 stores, but following negotiations, only 10 stores will shut down, with Galeria Kaufhof in Mainz remaining open until 2028.
5. In the European context, Germany's retail industry has experienced several insolvencies, including that of popular department stores such as Karstadt and Galeria.
6. The role of Alexander Schweitzer in supporting the Rhineland-Palatinate locations as part of the state's qualification initiatives highlights the importance of political involvement in preserving retail jobs.
7. Ahead of the store's restructuring, Galeria announced that six locations in Germany would remain, including the Würzburg store in Bavaria.
8. The SPD is focused on promoting innovative ideas and skilled workers, aiming to improve the long-term prospects of retail companies like Galeria in Germany.
9. In Berlin, the German capital, and other regions across Europe, retail trade is adapting to new market conditions, leading to changed landscapes for department stores and shops.

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