“We do not have a restructuring plan in progress, but a recovery plan,” insists Thierry Cotillard.
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“We have no plans to reduce the workforce” of Casino, promises Tuesday February 27 on France Inter Thierry Cotillard, president of the Les Mousquetaires group (Intermarché, Netto), while the Paris commercial court validated the day before the accelerated safeguard plan for the distributor in financial difficulties.
To replenish its coffers, Casino will also sell its hypermarkets and supermarkets to the competition, including 288 at Intermarché and Auchan. The boss of the Musketeers specifies that “58 points of sale have already switched in November” and that the transfers will continue gradually from‘”april”. Thierry Cotillard undertakes in any case to “retain staff numbers” and to guarantee salaries for the period provided for by law, i.e. fifteen months. “Then, it will be up to each business leader to implement their managerial policy”he says.
For the president of the Les Mousquetaires group, “the outcome of the Casino case is extremely positive”. He highlights the fact that “12 000 jobs will be saved. Thierry Cotillard maintains that this recovery makes it possible to avoid “an unprecedented social breakdown in France”. “We do not have a restructuring plan in progress, but a recovery plan”, he adds.