A supermarket price war initiated by Dutch chain Albert Heijn, a unit of Dutch retail giant Ahold, has reportedly cost up to 10,000 jobs.
Go deeper with GlobalData
At least 8,000 jobs have been lost as retailers fought to reduce costs amid massive price cuts, Reuters reported, citing a local newspaper report.
“Cuts are still taking place everywhere,” Herman van der Geest, chairman of the retailers’ organisation Vakcentrum Levensmiddelen, was quoted by newspaper De Telegraaf as saying.
Earlier this year Dutch supermarket group Laurus posted a sharp drop in first-quarter sales that it partly attributed to the price war.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
