Drastic measures at Musik Hug
Musikhaus Musik Hug has announced that it is being forced to significantly downsize its business. The plan is to close the branches in St. Gallen and Basel, merge the sales outlets in Zurich and downsize the central services.
The Musik Hug Group is specifically planning to close the location in St. Gallen and give up the sales outlet in Basel. Piano services are to be continued for both locations. By merging the Jecklin store with the Musik Hug headquarters on Limmatquai, the Zurich location will be adapted to the new market requirements and the new store concept will be implemented at the same time.
According to the company, the measures are intended to "ensure adaptation to the tougher market conditions". This could make it necessary to cut up to 85 jobs. The company management informed employees about the plans today and at the same time opened the consultation process. A decision on the definitive measures will be made once this has been completed. The company will draw up a social plan.
The "massive impact of the lifting of the Swiss franc floor and the ever-increasing competition from international online retailers" weakened domestic providers, Musik Hug continues. The music industry also had to "cope with the almost complete loss of the stationary CD business, the massive drop in demand for physical sheet music and some instrument groups, particularly in the wind instrument sector".
