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Carrefour Eyes 1,229 Job Cuts In French Hypermarkets: Union

Published on Mar 28 2019 12:59 PM in Retail tagged: Featured Post / Carrefour / Hypermarkets / union / Force Ouvriere

Carrefour Eyes 1,229 Job Cuts In French Hypermarkets: Union

Carrefour plans to cut 1,229 jobs as it downsizes its large hypermarket stores in France under a plan to boost sales and profits at Europe's largest retailer, the Force Ouvriere union told Reuters.

The plan, which is being discussed with the FO, CFDT and CFE-CGC unions, entails departures via a conventional collective bargaining agreement, said FO union representative Michel Enguelz.

Collective Bargaining

Carrefour had earlier confirmed to Reuters that it was in talks over a conventional collective bargaining agreement, but the company did not specify any figures over possible job losses.

The likely cuts and downsizing will result from the removal of jewelry corners in hypermarkets, cuts among managers and automation of petrol stations.

Last month Carrefour, which has made reviving sales at its French hypermarket stores where it employs 60,000 people a priority, raised its savings goal to €2.8 billion by 2020 from €2 billion previously.

In January 2018, Carrefour launched a five-year plan a year ago to cut costs, boost E-commerce investment and seek a partnership in China with tech giant Tencent.

The plan notably includes expanding into convenience stores to reduce exposure to large hypermarket stores and having a greater focus on organic products and private labels.

Carrefour achieved savings of €1.05 billion in 2018, the first year of the plan.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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