Jumbo To Cut 300 Jobs At Its Headquarters: Report
Dutch retailer Jumbo is to cut three hundred jobs at its headquarters, says a report in the online publication distrifood.nl.
It will include around 180 support functions in personnel administration and credit management departments.
Management positions will also be eliminated, according to the report, and the retailer estimates another forty jobs losses due to attrition.
In January, the company had announced plans to reorganised its business but did not implement it due to the coronavirus crisis, the report added.
'Unrest And Ambiguity'
It has now decided to go ahead with the process as financial director, Ton van Veen, believes that further delay would result in 'unrest and ambiguity' among staff members.
Jumbo will allow those laid off to stop working on 1 September, but they will remain employed till 1 December, the report said citing a quote from van Veen to Het Financieele Dagblad.
The move will give the affected enough time to look for an alternative source of income.
Jumbo saw a 15% growth in retail turnover this year with online sales growing by 50%.
© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.