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International Business Times
International Business Times
Business
AFP News

France's Casino Supermarket Chain To Axe Up To 3,200 Jobs

Casino Daniel Kretinsky France Auchan Monoprix
The job losses come on the back of a huge debt restructuring deal led by Czech billionaire Daniel Kretinsky (Credit: AFP)

French supermarket group Casino said Wednesday it would axe between 1,300 and 3,200 jobs as part of a reorganisation following its recent takeover led by Czech billionaire Daniel Kretinsky.

The group said it would consult with unions and other social partners on May 6 to unveil plans to safeguard most of the nearly 30,000 people it employs in France.

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