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Casino: more than a thousand employees demonstrated over fear of losing their jobs
More than a thousand Casino employees worried about losing their jobs demonstrated on Tuesday, December 5. Crumbling under debt, the group is seeking to sell off most of its hypermarkets and supermarkets. – (France 2)
More than a thousand Casino employees worried about losing their jobs demonstrated on Tuesday, December 5. Crumbling under debt, the group is seeking to sell off most of its hypermarkets and supermarkets.
In serious financial difficulty, Casino is urgently seeking to sell off most of its hypermarkets and supermarkets. The unions fear social breakdown. 6,000 jobs would be affected, according to them. So, on Tuesday, December 5, more than a thousand employees demonstrated near Paris and in the streets of Saint-Étienne (Loire), the company’s historic headquarters, to express their concern.
A takeover offer from Auchan and Intermarché
Casino employs 18,000 people in France, and also owns Franprix and Monoprix. A juggernaut now suffocated by a colossal debt of 6.4 billion euros. An Auchan spokesperson confirmed to France Télévisions on Tuesday evening that it had made a takeover offer with Intermarché for 260 Casino supermarkets and hypermarkets. He promises to keep all jobs. Lidl would also be in the running. Not enough to reassure the unions, who fear damage in many professions. The unions will meet Casino management on Friday December 8.
