2024-01-20 13:04:02
Published20. January 2024, 2:04 p.m
McKinsey: For major job cuts? Migros boss hires US consulting firm
McKinsey is said to have previously received tens of millions from Migros. But now the biggest job might beckon: the major dismantling.
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Mario Irminger is turning Migros inside out.
Denner
He gets support from the US consulting firm McKinsey.
IMAGO/NurPhoto
The mother of all strategy consultants is known for measuring the performance of all employees and suggesting cheaper paths.
20min/Marco Zangger
Migros dismantling: That’s what it’s all regarding
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Migros is repositioning itself.
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To do this, she brings the consulting firm McKinsey on board.
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She is known for tough austerity programs.
Migros is the largest private employer in Switzerland. But Migros boss Mario Irminger (58) did not rule out the separation of specialist stores and industrial subsidiaries at the end of last year.
With the new supermarket AG, a huge change is taking place. There is also a risk of a collapse in profits because Migros and the Migros Bank gave over 220 million francs in loans to the insolvent Austrian real estate king René Benko.
Thousands of jobs are now threatened. To do this, Irminger brought the US company McKinsey on board, as well as the financial portal “Inside Paradeplatz” writes. McKinsey is in a state of panic.
That’s what McKinsey does
The mother of all strategy consultants is known for measuring the performance of all employees, putting the usual processes to the test and suggesting more favorable paths to top management. The result is large-scale job cuts.
Migros has been working with the strategy consultant for eight years, and since then McKinsey has received tens of millions in fees from Migros. Now perhaps the largest single order from the retail cooperative follows, as the report states: the major dismantling.
Migros was unable to provide any information when asked for 20 minutes. However, she confirmed to “Inside Paradeplatz” that she was working with the consulting firm. A spokesman says: “For the further development of the organization of Supermarket AG, which was founded at the beginning of 2024, Migros is receiving selective support from the consulting firm McKinsey.”
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