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Delhaize to cut 2,500 Belgian jobs to tackle falling margins
date:Jun 12, 2014
Belgian supermarket chain Delhaize will cut up to 2,500 jobs at its Belgian operations over the next three years, about 15 percent of its workforce there, to restore margins hit by high wage costs and tough competition, it said on Wednesday.

Delhaize, which competes with Carrefour, Colruyt , discounters Aldi and Lidl and increasingly Ahold's Albert Heijn, said this was necessary as margins at its company-operated stores had fallen by 78 percent since 2010.

The announcement does not come as a s

12/24 01:16

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