Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The Carrefour group is negotiating with the trade unions a job reduction plan that will affect 1,230 of the 66,000 employees working in its hypermarkets in France. In total, the group employs 115,000 people in France. Management intends to adapt the workforce to its new strategic choices in order to revive hypermarkets. This involves reducing the space devoted to non-food products, eliminating jewellery and creating shelves dedicated to destocking. The positions covered are therefore those in the jewellery, multimedia, back office, payroll, management, administrative functions and service station cash registers departments.
Management intends to use the recent legal scheme of Rupture conventionnelle collective, which allows for voluntary departures with the possibility of subsequent hiring, and an early retirement system. Mechanisms are in place to avoid departures in professions where the group faces recruitment difficulties, particularly fresh produce departments (bakery, pastry, fruit and vegetables, fish). The management has already cut 1,274 jobs in its supermarkets in 2018, and 2,000 at its headquarter in the same year; 246 jobs were cut in its bank activities in 2016.
Update 04/05/2019: the voluntary departure plan and the early retirement scheme could lead to 3,000 departures. However, according to management, the number of job cuts is 1,230, as other departures should be replaced to 'promote generational renewal in the context of the necessary transformation of the hypermarket model'.
Eurofound (2019), Carrefour, Internal restructuring in France, factsheet number 97635, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97635.
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