(MENAFN) Europe's largest retail chain Carrefour may shrink its workforce in France by up to 600 jobs, Reuters reported citing French unions.
Le Figaro newspaper reported earlier that two further waves of around 500 job cuts could follow next year, although Carrefour hoped to avoid the third.
Serge Corfa, of the CFDT union, said that Carrefour is planning to cut between 500 and 600 jobs at its French headquarters, or just under 10 percent of staff, confirming a figure reported by Le Figaro.
Force Ouvriere union representative Dejan Terglav said he feared a total of up to 1,000 job cuts overall at the retailer's home business.
He said also that managers at Carrefour have been told not to renew temporary worker contracts, which the union estimates could concern about 400 employees in the various headquarters.
Carrefour's newly appointed CEO Georges Plassat seeks to cut costs and turn around the company. He is expected to detail his recovery plan within days.
The retailer is facing difficulties including halting a fall in market share in France, where it makes 43 percent of sales and cutting debt and weathering a difficult economic climate in Italy and Spain, where it makes just under 20 percent.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.