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Galeria insolvency triggers insolvency benefit payments for employees
Zeit Online·DE·about 4 hours 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.