PARIS – French giant retailer, Carrefour will cut as many as 500-600 workers in France as part of the program “leave” voluntarily.
Carrefour is the largest private employer in France, which employs 115 thousand people, including 7,000 people in the administration, which will be the focus of the downsizing.
Nevertheless, management and Carrefour spokesman declined to comment on the report. Retail giant net profit fell 14.3 per cent in 2011 is planned to report the performance of the first half of 2012 on Thursday.
As reported earlier, Carrefour plans to pull out of Singapore. One of the biggest hypermarket in the world announced it would close two stores located at Suntec City and Plaza Singapura, before the end of the year.
The decision was made due to the expansion of the company’s growth prospects and does not allow reaching a leading position. The main competitor is a large supermarket Carrefour and NTUC FairPrice supermarket Dairy Farm Group. The impact of the closure will affect more than 380 employees of Carrefour.