Carrefour is preparing to detail plans for its Belgium business today (23 Febrary) after reports suggested that the group is planning between 2,000 and 5,000 lay-offs at its business in the country.
Speaking after Carrefour posted a 74.2% slide in 2009 net profit last week, CEO Lars Olofsson said that the company was reviewing its activities in Belgium, where the performance was described as “not satisfactory”.
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Olofsson insisted the company “wants” to stay in Belgium, where sales have suffered and the retailer has faced strike action, but added that it was reviewing its under-performing operations there.
A spokesperson for the company declined to comment on whether job losses in Belgium are likely until the group publishes its official plans later this afternoon.
