Sale of Casino stores: Intermarché and Auchan have “made commitments” on employment, according to Le Maire

by time news

2023-12-21 14:20:23

It is a project with “100% French” capital. The Mousquetaires/Intermarché and Auchan group should buy almost all of the 313 Casino stores and take over all the employees. The Minister of the Economy Bruno Le Maire indicated this Thursday that he had received the day before the managers of Intermarché and Auchan who, according to him, have “made commitments” regarding the preservation of jobs. 18,000 people are affected, according to the inter-union association, which fears “an unprecedented social breakdown at headquarters level”.

“Yesterday I received the managers of Intermarché and Auchan. I tell them: Listen, I ask you only one thing: you must preserve employment. They have made commitments and I will ensure that these commitments are kept,” the minister said on Europe 1.

The judicial administrators, at the bedside of the beleaguered distributor Casino, have summoned shareholders and creditors “to decide” by January 11 “on the draft accelerated safeguard plans which will be submitted to them”, according to a press release from Casino this Thursday .

In detail, creditors will be able to vote “electronically between December 21, 2023 and January 10, 2024”, with votes counted on January 11. Shareholders are invited to vote “in person” on January 11, specifies Casino.

Store sales should take place between “April and June 2024”, according to the inter-union association. A next meeting with management has been set for January 4 to “establish the social calendar for upcoming deadlines”.

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