France: Leroy Merlin launches major redundancy plan

Leroy Merlin (€9.93 billion turnover in France in 2023, +1.3% year on year) has announced a reduction of around 500 positions in France, i.e. around 1.8% of the group’s workforce. The timing of the departures (to be carried out via collective severance agreements) has not been confirmed. Following the downsizing of the executive committee (from nine to four members in April), 300 managers at head office and 188 store accountants are due to leave the company. This plan follows the internal...