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Carrefour plans 2,400 job cuts in France

RBR Staff Writer Published 24 January 2018

French retailer Carrefour plans to cut as many as 2400 jobs in the country and invest more in the online market.

As part of its Carrefour 2022 plan, the company is rationalizing the Group's headquarters in the Île-de-France region.

The company said that the plan will help in improving its efficiency and competitiveness to better serve its customers.

And, this implies that it needs to cut down on costs and has to have an investment policy which is focused on growth drivers.

As part of the 2022 plan, the company aims to save €2bn by 2020. The job cuts will mostly be at its French headquarters where about 10,500 workers are employed.

Apart from this, Carrefour is also planning to invest €2.8bn in online market, which is six times more than its present investments and it aims to have more than €5bn in sales in food e-commerce and to have 20% market share in online food by 2022.

Carrefour is also planning to sell 273 of its ex-Dia stores and to reduce the size of its French hypermarkets. On the other hand, it is also planning to open as many as 2000 convenience stores in the next five years across major European cities.

In a separate deal, the company has signed a deal with Chinese internet giant Tencent and retail group Youghui, which will acquire minority stake in the company’s Chinese subsidiairy.

Carrefour chairman and CEO Alexandre Bompard said: “I have a great ambition for Carrefour: To become the leader of the food transition by offering our customers, every day and everywhere, quality and trustworthy food at a reasonable price.

“To do this and return to a conquering dynamic, we must revamp our model, by simplifying our organization, opening ourselves up to partnerships, improving our operational efficiency, investing in our growth formats, building an efficient omnichannel model and developing our fresh and organic products offer, notably under the Carrefour brand.”


Image: Carrefour headquarters in Boulogne Billancourt, France. Photo: Courtesy of Tangopaso/Wikipedia.org.