Migros is set to implement an additional 300 job cuts, following the earlier announcement of 1,500 redundancies, as part of a restructuring plan under CEO Mario Irminger. This downsizing aims to streamline operations ahead of the company's 100th anniversary in 2025, leaving remaining employees disillusioned and overworked. Despite rumors of imminent layoffs before Christmas, Migros management has denied any such plans for December.
Migros plans to reduce prices on 1,000 everyday products by 2025, investing half a billion francs through savings and selling loss-making divisions. Experts express concerns over this low-price strategy, arguing it risks Migros' brand identity and could lead to unnecessary competition with discounters like Aldi and Lidl.
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