Dutch supermarket chain Jumbo has announced a major redesign of its organisation, meaning hundreds of positions will disappear. The affected employees will be the first to be considered for new positions, the retailer promises.
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Media Markt and Saturn continue their cost-cutting course: in the German home market, 13 stores are closing, and 1,000 employees are losing their jobs. The retailer is also cutting some jobs in Belgium, but no Belgian outlets will be closed.
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The French branch of Belgian restaurant chain Exki has filed an application for judicial reorganisation and has been granted it. The chain now wants to renegotiate with the property owners of its outlets.
The activist investment fund Bluebell, which acquired stakes in Danone at the end of last year, is calling for the departure of current CEO Emmanuel Faber, dissatisfied with the results he has achieved.
Coca-Cola is restructuring due to the coronavirus pandemic. The number of brands and business units is decreasing. The reorganisation will cost 2,200 employees their jobs.
After creditors had previously agreed to the reorganisation plan of decoration chain Casa International, the Commercial Court has now also given its approval.
(update) Danone is reorganising, resulting in 1,500 to 2,000 office employees losing their job. The FMCG company is transforming into a 'local first' organisation, with fewer management layers and greater local autonomy.
Le Printemps, the famous French chain of department stores, is also a victim of coronavirus. Four branches in France are closing, as are three branches of daughter chain Citadium.
John Lewis will cut 1,500 jobs at his head office. The redundancies are part of a major savings plan to make the British department store chain profitable again.
For the first time in 94 years, iconic department store chain Marks & Spencer reports a loss: profits in the past six months have been below zero. Yet there are also signs of recovery.
Coca-Cola wants to halve its brand portfolio. Some two hundred brands will go out, as sales continue to fall in all regions due to the corona pandemic. Nevertheless, it was a better-than-expected third quarter.
In order to adapt to a new COVID world and return to growth, Danone will restructure its organisation and divest some activities. The company sees vegetable dairy alternatives performing strongly.
Ralph Lauren cuts deeply in its costs and workforce: the American fashion label wants to save up to 200 million dollars by laying off 15% of its employees. That would cost some 3,700 people their jobs.
French hypermarket chain Auchan is laying off 1,475 employees as part of a major reorganisation: a change of strategy is now necessary as customers are buying more and more online and less and less in stores.
Belgian fashion brand Essentiel is halving its pool of sales partners: the network will be slimmed down to 69 multi-brand boutiques in Belgium and 550 points of sale abroad. The corona pandemic was a turning point - and a learning point.
Coca-Cola is cutting 4,000 jobs in the United States and Canada, while a similar exercise may be coming in many other countries as well.