ZAL.DE is trading at €19.46 (down 3.69%) following a breakdown in negotiations with its Erfurt works council, threatening the closure of a key logistics hub.
- The dispute puts approximately 2,700 jobs at risk after failed talks and reports that the company ignored employee concerns regarding the site's future.
- The stock's decline decoupled from broader market trends, as major indices remained flat while Zalando shares fell from a previous close of €20.21.
- Technical indicators show ongoing weakness for the e-commerce giant, with analysts identifying potential support at lower price levels.