Spain: Corte Inglés department stores announce social plan
A customer walks out of a Corte Inglés shopping center in Madrid.
© GABRIEL BOUYS / AFP
Text by: RFI Follow
2 min
For the first time in its history, Corte Inglés, the major Spanish retail brand, equivalent to BHV and Galeries Lafayette in France, has announced a major social plan which affects a significant portion of its employees.
Until then, this large company was synonymous with great security and guarantee for its employees.
One more victim of the pandemic.
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With our correspondent in Madrid,
François Musseau
Corte Inglés is preparing to expel between 3,000 and 3,500 employees, or around 4% of its staff.
Which is considerable for a company which had never carried out any social plan in the past.
The leaders of Corte Inglés have certainly explained to the unions that many of these people will go on early retirement, that many will pack their bags on a voluntary basis, and that the allowances will be advantageous.
However, the reality is there.
Even the Corte Inglés can no longer resist the ravages of the coronavirus pandemic.
In the fall, the company present throughout Spain had to close some of its centers.
Not long ago, it began to rent part of its premises to other brands and to increase the space it devotes to food, a sector which is resisting the health crisis.
Corte Inglés also specified its new strategy to resist and make profits: develop its logistics sector in an attempt to compete with Amazon, the American e-commerce giant.
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Spain
Trade and distribution
Coronavirus