Metro Group loves consultants
Works councils and trade union Verdi are peeved. The McKinsey-driven restructuring programme Shape 2012 hardly seems to have kick-started the floundering giant: the jobs went, but the growth didn't come. Verdi computes that 19,000 jobs have gone world-wide over the last years.
Meanwhile, Metro's latest consultancy-inspired project, "Foundation", aims to reduce personnel and material costs by a further €100m per annum.
The company denies these assertions.
Head office in Düsseldorf claims that the unions do not mention the many thousands of new jobs created during the restructure. Metro also emphasises that around two-thirds of all cost-cutting relate to administrative expenses.
A spokesperson also stresses that the company relies on natural wastage wherever possible. The company is not so forthcoming regarding consultancy fees: "The figures given for pure strategic consultancy are much too high."
Reference is also made to stricter controls of external consultancy fees since the beginning of this year.
The group's major shareholder, Haniel, has also employed consultants regarding its €3bn stake in Metro and the huge resultant book losses. Irony of ironies: Haniel's departing boss Jürgen Kluge was a former top consultant for McKinsey. Quot homines tot sententiae...
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