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.
According to several trade union sources, at a meeting of the Central Social and Economic Committee (CSEC), Casino Group management has announced that it would be cutting more than 3,000 jobs as part of the redundancy plan announced in April.
Since this initial announcement, management has communicated a wide range of job cuts between 1,293 and 3,267 positions. Management has neither denied nor confirmed the figures.
During the CSEC meeting, the group's two main entities have provided the unions with details of the redundancy plan: Distribution Casino France (DCF), which manages the shops and head office, will cut 2,029 jobs, while its logistics subsidiary, Easydis, plans to cut 740, with the closure of four warehouses and the sale of two sites.
The number of redundancies will depend on the number of voluntary redundancies and the number of employees who accept redeployment within the Group. The final data should be known in the next two months after achieving social plan negotiation.
At the beginning of July, Casino had already announced the sale of 66 department stores to the Les Mousquetaires group and Auchan Retail France, in accordance with an agreement that had already led the group to sell more than 200 hypermarkets and supermarkets to its competitors in the spring.
The trade unions have unanimously issued an unfavourable opinion on the entire procedure, and criticising he weakness of the social aspects of the job protection plan.
Eurofound (2024), Casino, Internal restructuring in France, factsheet number 201553, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201553.
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