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

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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.

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