Colruyt to cut more than 700 jobs in France
Belgian retailer Colruyt Group is set to cut more than 700 jobs in France, with around 600 losses in the Dole area in eastern France. The cuts follow the planned sale of 100 of its 105 French supermarkets to four rival chains, French media reported on Tuesday.
Colruyt said the sale would secure jobs for about 2,080 staff working in the stores. However, no buyer has been found for its logistics sites, including its French headquarters in Rochefort-sur-Nenon. As a result, 704 jobs are expected to be lost.
French trade unions put the figure at 705 redundancies. They say 608 jobs will go in the Dole region, 44 in Gondreville in north-eastern France, and others at the company’s headquarters and in logistics and technical support. The unions criticised the move, saying workers are “paying the price for financial and strategic decisions made to satisfy shareholders”.
Unions also say 53 jobs will be lost in the five stores not included in the sale, in Carling, Faulquemont, Sens, Masevaux and Montchanin.
Colruyt has operated in France since 1996 and has run wholesale activities under the Codifrance name since 2004. Those wholesale operations are not affected.
© PHOTO OLIVIER CHASSIGNOLE / AFP
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