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Carrefour Italy is not immune to restructuring

In Italy also Carrefour wants to remedy the negative figures by eliminating jobs and reducing the surface of some hypermarkets. On the other hand, the brand will invest in the opening of new stores and in e-commerce.

The food distributor plans to reduce the surface area of ​​five of its 51 Italian hypermarkets and to cut up to 590 jobs (about 4% of its workforce). This is evident from the ‘Business Plan 2019-2022’ unveiled this month at local unions, says Reuters. At the same time, the group intends to boost its online activities and invest approximately 400 million euros in its network of stores, with 300 new points of sale.

The layoffs will be limited to the minimum and will be done if possible on a voluntary basis, specifies the retailer. Carrefour generates 6% of its total turnover in Italy, which is the group’s third largest market in Europe, after France and Spain. Last year the turnover fell by 4% on a comparable basis. The restructuring plan also anticipates a bill to force shopping malls, shops and supermarkets outside city centers to close 26 Sundays a year.

Currently Carrefour is carrying out an ambitious five-year plan, which cuts costs and staff, increases investments in e-commerce and relies on collaboration with technological players such as Google and Tencent. In France too, the group is seeking to reduce the surface of its hypermarkets or to make them exempt, to reduce the share of non-food and to open more points of withdrawal. On February 28, the group will publish its annual results for fiscal year 2018.

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