The latest redundancy plans come from German car parts maker Schaeffler and French grocery chain Auchan.
Category
🗞
NewsTranscript
00:00Workers across Europe are facing thousands of job cuts in multiple struggling sectors.
00:09German auto parts maker Schaeffler is to cut 4,700 jobs, mainly in Germany but also at
00:15other sites in Europe, demonstrating the challenges faced in the German car industry.
00:21Meanwhile, grocery chain Auchan has announced redundancy plans for over 2,000 jobs in France.
00:28A dozen outlets will close, including one supermarket and three hypermarkets, due to
00:33a lack of profitability.
00:36Its customers are not surprised, saying they often notice empty shelves at the once-considered
00:41pioneer of hypermarkets.
00:45Auchan is planning to reduce its sales area by an average of 25% for hypermarkets.
00:52The company intends to focus on smaller stores, drive-thru and home delivery of fresh produce.