Type
Merger/Acquisition
Country
Italy
Region
Location of affected unit(s)
Rozzano, Roncadelle
Sector
Wholesale / Retail
Retail trade
Non-specialised retail sale
47.1 - Non-specialised retail sale

817 jobs
Number of planned job losses
Job loss
Announcement Date
23 January 2020
Employment effect (start)
23 January 2020
Foreseen end date
31 December 2020

Description

Conad has notified unions of 817 collective dismissals following its acquisition of Auchan. The layoffs primarily affect administrative staff from the former company, with the procedure expected to conclude by the end of 2020.

The workforce reductions concentrate heavily in Lombardy, representing approximately half of the total dismissals announced to unions in Rome. The entire administrative structure of the former Auchan operation will be eliminated as part of the integration process.

Additional job losses are anticipated for retail network employees, as six former Auchan supermarkets have been sold to Esselunga (five in Lombardy) and 28 to Carrefour, mainly in the Milan metropolitan area.


Sources

Citation

Eurofound (2020), Conad, Merger/Acquisition in Italy, factsheet number 203001, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203001.