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Berlin (APA / Reuters) – As part of its austerity program, Windeln.de, an online retailer of baby products, is selling its deficit deficit in Eastern Europe, Feedo Division. The buyer is the Czech wholesalers and retailers of baby products and toddlers ag 92, as announced the Munich company Friday night
This would also advance the job cuts of 74 jobs and reach the goal of about 390 employees. Beginning of the year to reduce by about a third. The sale should be completed during the year. CEO Matthias Peuckert announced that he will continue to implement the restructuring plan presented in February to lead the group into the profit zone.
Windeln.de had put the red pencil on account of continuous losses. To further reduce costs, the company, which operates in Europe and China, has also started operations in Italy. The company, founded about eight years ago, has been publicly traded since May 2015.
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