Auchan unveils its draft social plan. This Tuesday, the group explained in a press release that it was considering cutting 2,389 jobs out of the 54,000 employees that the distributor has in France.
The day before, AFP had already announced that the French group intended to reduce its payroll. According to the agency, uSome of the jobs would be threatened at the level of support functions within the various headquarters, another part at the store level.
Auchan would be on the verge of selling its subsidiary in Russia
Financial difficulties
In particular: financial difficulties. Its holding company Elo announced in July a net loss of almost one billion euros over the first six months of 2024. Elo – which employed 155,000 people worldwide as of September 30, including 64,400 in France – announced a net loss of 379 million euros and sales down 1.7% to 32.9 billion euros. While inflation had boosted the sales of most major retail competitors.
In addition, these job cuts are part of “ a plan to return to growth “, affirmed the company in its press release, stating ” three construction sites ” to bring. “ At the heart of this plan, the hypermarket takes on a new role. It becomes the epicenter of the brand in each living area to offer customers the essentials of the offer in the format of their choice “, explains Auchan, admitting that “ this recovery plan imposes responsible decisions, presented today to the social partners ».
