Belgium retailer Delhaize has admitted it may have to cut its workforce in its home country by 2,500 staff.
The jobs would have to be cut over the course of the next three years, said the company.
Delhaize also revealed how it planned to invest €350 million in its stores over the same period of time.
The cuts were necessary because of the tough competition the retailer was experiencing from its competitors along with a weakened economy.
In May, Delhaize announced that Dirk Van den Berghe would step down from his position as chief executive of the company's operations in Belgium and Luxembourg in July.
Having joined the Delhaize Group in 1999, he was appointed CEO in the autumn of 2011.
Roland Smith, former CEO of Delhaize America, and Stefan Descheemaeker, ex-CEO Delhaize Europe, also left their roles since the arrival of Frans Muller as group CEO in 2013.
The company is currently struggling to revive profits in its business.
© 2014 - European Supermarket Magazine
