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Maredo at the end of an era

The German steakhouse chain dismiss all employees

This is the end of an era: the traditional steakhouse chain Maredo has given notice to all employees in an internal letter. "For insolvency-related reasons, we are forced to terminate all employees as of the next possible date and to release them with immediate effect", writes Managing Director Klaus Farrenkopf to his entire staff. Farrenkopf further writes that "there is hardly any liquidity left...

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EFA News - European Food Agency