Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Kenya : Police arrest 8 over Mombasa rampage

Read more

FOCUS

Overfishing and the global appetite for bluefin tuna: can Tokyo turn the tide?

Read more

MEDIAWATCH

Too many graphic images from Gaza ?

Read more

FASHION

Who's next in Paris, an event with international ready-to-wear and fashion accessories collections

Read more

ENCORE!

Tunisia's Carthage International Festival turns 50

Read more

THE OBSERVERS

Muslims and Christians clean up Bangui, and violence spirals out of control in Algeria's Gardaia

Read more

IN THE PAPERS

Is there such thing as 'telegenic' victims of war?

Read more

IN THE PAPERS

2014-07-22 07:21 IN THE FRENCH PRESS

Read more

THE INTERVIEW

Michel Sidibé, UNAIDS Executive Director

Read more

  • US, European airlines suspend flights to Tel Aviv over Israel-Gaza conflict

    Read more

  • France gives go-ahead to pro-Palestinian Paris rally

    Read more

  • Video: Lebanon fears fallout from regional turmoil

    Read more

  • Australian veteran Rogers claims 16th stage of Tour de France

    Read more

  • French Jews mourn French-Israeli soldier killed in Gaza

    Read more

  • Colombia's Rodriguez signs '€80m' contract with Real Madrid

    Read more

  • A call for harmony in riot-hit ‘Little Jerusalem’ Paris suburb

    Read more

  • Five children among seven killed in minibus crash in eastern France

    Read more

  • Hollande says French warship delivery will ‘depend on Russia’s attitude’

    Read more

  • Widodo wins Indonesian presidential election

    Read more

  • Ukraine rebels release bodies, black boxes from flight MH17

    Read more

  • Notorious ‘VIP’ prison in Paris closed for renovations

    Read more

  • An ‘explosion of violence’: French press reacts to Gaza protests

    Read more

  • Christians in Iraq's Mosul face execution or exodus

    Read more

  • Scores killed as Libyan militias fight over airport

    Read more

  • Ukraine football players refuse to return home after friendly in France

    Read more

Business

France's Carrefour to cut 1,672 jobs and close stores in Belgium

Text by News Wires

Latest update : 2010-02-23

The French retailer, Carrefour, confirmed on Tuesday plans to cut 1,672 jobs in Belgium, and close 21 stores across the country. Salaries for all remaining staff will be frozen.

AFP - The world's second largest retailer, Carrefour, on Tuesday announced plans to slash 1,672 jobs in Belgium, a second restructuring in three years for the French giant.
  
The company also confirmed in a statement its intention to freeze salaries for the remaining staff.
  
"No solution can permit us to consider continuing operating 14 hypermarkers and seven supermarkets which are structurally loss-makers," it said.
  
Union official Myriam Delmee told AFP that the company's works council was informed of the cuts -- out of a total Belgian workforce of 15,000 -- and of the closure of 21 stores, which will be taken on by Belgium's Mestdagh.
  
In 2007 a restructuring exercise across Belgium, a country of some 10 million people, saw 900 jobs lost and 16 stores close.
  
Carrefour, number two behind US retail giant Wal-Mart, said earlier this month it plans to enter India's vast retail market in 2010 following years of delays.
  
The retailer reported separately that net profit tumbled in 2009 by 74.2 percent to 327 million euros (505 million dollars), hit by huge restructuring charges.
 

Date created : 2010-02-23

COMMENT(S)