Carrefour to shed French jobs

  • Carrefour, the world's second-biggest retailer, plans to cut up to 600 jobs in France as part of plans to revive the ailing company.

    The company informed trade unions of the cuts on Wednesday, a day before new CEO Georges Plassat is due to present first half results and his recovery plan for the firm.

    The cuts are aimed at "boosting efficiency and reducing overheads" and will affect jobs at the group's headquarters and support functions such as marketing and purchasing across France.

    As of December 31, 2011, Carrefour had 112,440 workers on its French payroll, making it one of the country's largest private-sector employers.