Job Cuts Increasingly A ’Necessary Evil’ As Retailers Cut Back: Analysis
When Alexandre Bompard stepped off the stage on Tuesday morning, having delivered his first important speech as Carrefour chief executive, he will have been rightly happy with his morning’s work.
After all, in the eyes of financial analysts, Carrefour’s much-anticipated ‘Carrefour 2022’ transformation plan seems to have got a thumbs up - Barclays European Food Retail Equity Research called it a ‘sensible plan’ with a number of ‘attractive strategic initiatives’ in the pipeline.
In much of the mainstream press, however, the headline was altogether different; with the focus firmly on the 2,400 job cuts the retailer is seeking to make as part of its head office consolidation.
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