Alma announces redundancies

The delicatessen market which operates under the retail brand Alma announced in a press release on Saturday that it would lay off 425 employees, citing declining profits as the culprit. “The direct cause of redundancies is […] unprofitable retail outlets and the intention to reduce employment at the headquarters [to] reduce the scale of operations,” read part of the release. In September of 2016, Alma announced that it would be necessary to trim operating costs by eliminating as many as 1,300 jobs. In mid-December, the District Court in Kraków decided to open reorganization proceedings of Alma Market. The 70-year-old company, which started out as Krakchemia SA, has been listed on the main market of the Warsaw Stock Exchange since 1994.