Casino group employees call for general mobilization in the face of the group’s restructuring

Strike notice from December 5 to 31. The five Casino union organizations, “worried” about the future of the group, called for general mobilization on Friday, December 1. This strike notice “concerns all employees and managers of the Casino group”declared the inter-union composed of FO, the CGT, the CFDT, the UNSA, and the CFE-CGC, in a press release.

Strangled by its debt, the Casino group agreed with its creditors at the end of July for a very significant restructuring of its debt. This restructuring is accompanied by a change in shareholding with a takeover by the Czech billionaire Daniel Kretinsky, the Frenchman Marc Ladreit de Lacharrière and the British fund Attestor, from the first quarter of 2024.

In the immediate future, a major day of mobilization has been set for Tuesday, December 5, at the group’s head office in Saint-Etienne (Loire) as well as in Vitry-sur-Seine (Val-de-Marne) where it is notably located Franprix headquarters. The mobilization is unprecedented, because the unions fear “a carving up of the group”since Casino said it was ready to study “marks of interest” of competitors for the acquisition of hypermarkets and supermarkets which have not yet been sold by the distributor.