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Germany: Woolworth Germany Files For Insolvency Affecting 9,700 Jobs

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Description

By Reuters

Description:
FRANKFURT, GERMANY (APRIL 15, 2009) (REUTERS) EXTERIORS OF WOOLWORTH GERMANY HEADQUARTERS IN FRANKFURT REPORTERS ENTERING BUILDING (*** BEWARE FLASH PHOTOGRAPHY ***) INTERIM ADMINISTRATOR, FRANKFURT LAWYER AND CHARTERED ACCOUNTANT OTTMAR HERMANN ARRIVING FOR NEWS CONFERENCE CAMERA CREWS HERMANN SEATED "PRESS" NAME TAG (SOUNDBITE) (German) OTTMAR HERMANN, INTERIM ADMINISTRATOR SAYING: "Woolworth Germany filed for insolvency last week. A total of 9,700 employees are affected by these preliminary insolvency proceedings. Of those 9,700 employees, some 6,000 are part-time or temporary jobs." REPORTERS LISTENING (SOUNDBITE) (German) OTTMAR HERMANN, INTERIM ADMINISTRATOR SAYING: "The goal is to find a solution for everyone involved. The goal is to find a way which does not mean the end (of Woolworth Germany) but rather, to find a solution which ensures the survival. We will work hard on this. We now need to get an overview of further developments and further measures, something which is not possible after 24 hours. Thank you." BERLIN, GERMANY (APRIL 14, 2009) (REUTERS) EXTERIOR OF ONE OF WOOLWORTH'S 323 BRANCHES IN GERMANY WOOLWORTH SHOPPERS LOOKING AT CLOTHES ON RACKS IN STREET PRICE TAGS WOMAN WITH WOOLWORTH BAG LEAVING STORE
Dateline: 2009

Additional Information

Item ID:
109836418
Usage:
Editorial
Duration:
00:02:25
Looping:
No
Alpha Matte:
No
Advanced Licensing Options
Alpha Channel:
No
Model Released:
No
Property Released:
No
Location:
Germany
Average Bitrate:
8.42 Mbps
Bit Depth:
24
Audio Channels:
2
Audio Format:
mp4a
Audio Sample Rate:
48000