The Kačka retail chain closes down its shops

Most of the 1,800 employees are expected to lose their job.

Kačka has been one of the biggest retail chains in SlovakiaKačka has been one of the biggest retail chains in Slovakia(Source: Sme)

The CBA retail chain with 200 stores changed its name to Kačka (Duck) at the beginning of this year. It has now announced it is ending its business, the Sme daily reported.

With an annual turnover of €150 million, Kačka ranked among the largest retail chains in Slovakia. It has already closed down shops in Lučenec (Banská Bystrica Region) and Bratislava earlier this week. Other shops will soon follow.

It is not yet clear how many people will be affected by the redundancies. However, it is expected to be the majority of the 1,800 employees.

At the same time, people were not paid part of their August salaries as ČSOB bank suddenly blocked Kačka’s accounts, allegedly without warning, Sme wrote.

A cloudy situation

Related articleTesco will only send out groceries in downtown Bratislava Read more 

The situation remains unclear.

"The bank is obliged to maintain business and banking secrecy, so we will not comment on this case," ČSOB spokesperson Anna Jamborová said, as quoted by Sme.

The talks between the trade unions organisation and the company on collective redundancies began only this week.

“Unfortunately, negotiations with the company did not give people any answers to their questions,” Simona Stieranková from the Kačka’s trade unions organisation said, as quoted by the TASR newswire.

At the same time, the district court in Banská Bystrica informed that it received the proposal for declaring bankruptcy on September 2, but the decision has not been published yet.

The decision could have been delayed by the fact that the chain sent an incomplete proposal to the court, and the court returned it to the company, Sme wrote.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Triple coalition PS/Spolu/Za Ľudí? Not for now

Kiska said no, but there are talks about a broader pre-election coalition across opposition parties.

Left to right: Igor Matovič (OĽaNO), Ondrej Dostál (OKS), Richard Sulík (SaS), Miroslav Beblavý (Spolu), Michal Truban (PS), Andrej Kiska (Za Ľudí), Alojz Hlina (KDH)

Judge steps down for exchanging messages with Kočner

Several people have resigned after appearing in the Threema communication so far.

David Lindtner

Prosecutor brings charges against Kočner in the Kuciak murder case

Apart from Kočner, three other people were formally charged.

Ján Kuciak and Martina Kušnírová were commemorated in Bratislava on August 26.

Blog: AI and Slovakia: Labor costs to become less important

Which policy challenges and risks will AI bring to converging economies, such as Slovakia? Vladimir Zlacký, Founder of LookingEast.eu, offers an interesting answer.