Carrefour Presents its Restructuration Plan for Argentina

French supermarket chain Carrefour has reached a deal with Argentine workers for voluntary buy-outs as part of a crisis prevention plan which aims at ending three years of crisis for the brand.

Angel Martinez, spokesman of the FAECYS (Argentine Workers Federation for Commerce and Services) declared that workers would agree to the voluntary by outs: “If we had not done these negotiations, Carrefour would have left Argentina,” he said. He added that the company had agreed to pay 50 percent more than the normal cost of letting workers go in Argentina. Local newspaper Ambito Financiero cites an anonymous source to explain that 1,000 workers allegedly accepted the deal, while Carrefour declined any comments. A meeting is scheduled between the…

Original published: 2018-04-13 18:40:13 Read the full Buenos Aires News here


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