Department store Globus cuts almost 50 jobs at its headquarters
The Globus department store group is cutting jobs at its headquarters in Zurich and relocating central functions to the parent company Central Group. A total of almost 50 jobs will fall victim to the restructuring.
13.01.2026, 15:04
13.01.2026, 15:27
SDA
"As part of this reorganization, 48 jobs in support functions in the head office in Switzerland will be cut," according to a press release issued on Tuesday, which was also sent to employees and excerpts of which are available to AWP. The stores and the logistics center are not affected by the measures, it says. The "Handelszeitung" ("HZ") had previously reported on the plans.
In particular, purchasing, marketing, finance and IT functions are to be managed from the Central Group headquarters in Milan in future. According to the letter, the corporate and strategic management of Globus will remain unchanged and entirely in Switzerland under the leadership of Managing Director Lucia Guagliardi. Globus hopes that the "increased use of resources within the group" will lead to a "structural and lasting" reduction in the cost base.
The background to this measure is likely to be the ongoing financial pressure. At the beginning of December, Globus Chairman of the Board of Directors Pierluigi Cocchini explained in an interview with "NZZ am Sonntag" that the department store chain will remain in the red in 2025.
"If everything goes well, we will reach budget for the first time in 2025," he said at the time. However, this budget still envisages a loss of 28 million francs. However, sales and margins had grown.
Cocchini was already talking about job cuts in December, but did not give any specific figures. At the time, he put the headcount at 120 employees at the head office.
