The Belgian distributor seeks to sell its 104 stores in France. For the moment, the Les Mousquetaires/Intermarché distribution group is committed to acquiring 81 stores.
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Bad news for many employees. Belgian distributor Colruyt announced, Monday, June 23, that 889 employees maximum were “likely to be dismissed for economic reasons” As part of the sale of its 104 stores in France. The Belgian brand located in France since 1998 employs nearly 2,300 employees in France, mainly in the northeast quarter.
The Les Mousquetaires/Intermarché distribution group has committed last week to acquire 81 of these stores for a total amount of around 215 million euros. This recovery project “implies the automatic transfer of 1,319 employees”said Colruyt in a statement on Monday. But some 24 other stores (one of which is not open) “would not be resumed”Adds Colruyt, who ensures leading “An active search for additional buyers for unable sites” and that “Several brands of interest (…) have been received”.
“In total, this would imply the deletion of 950 positions”said the Belgian group to AFP. Among these, “the maximum number of employees likely to be dismissed for economic reasons would be 889”, according to the press release. The headquarters, located in Rochefort-sur-Nenon (Jura), is not part of the project to take over the Mousquetaires group, the third player in the sector in France.
“A job safeguard plan is being prepared with the social partners”added the Belgian brand. Colruyt Retail France mentioned last April “Difficult conditions on the very competitive French market in food distribution”. The company stressed that “Despite important efforts on the profitability of its French activities, the expected results were not achieved”.
