Beleaguered Dutch retailer Ahold is to cut hundreds of jobs at its Dutch retail chain Albert Heijn, according to reports.
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Ahold is to axe jobs at both Albert Heijn headquarters and at its stores, with around 3-4% of the total workforce possibly being laid off, Dow Jones Newswires reported, citing a source close to the company.
A spokesman for the chain, which employs 55,000 people, declined to comment
Ahold is to reveal specific financial information on Albert Heijn for 2000 to 2002 at a shareholders meeting on 4 September. The meeting will also be used to tell investors that in order to improve efficiency at Albert Heijn, job cuts cannot be ruled out, the source said.
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