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Galeria insolvency triggers insolvency benefit payments for employees
Zeit Online·DE·1 day ago
German department store chain Galeria Kaufhof, in its third insolvency, is set to receive federal insolvency benefits for its 12,000 employees, a decision reportedly made internally. The move extends state support to a struggling retailer, raising questions about fiscal burden and precedent. The development signals continued strain in German retail and potential political debate over state aid.