Auchan to Cut 2,389 Jobs and Close 10 Stores in Major Restructuring

The French retailer announces significant layoffs and store closures amid ongoing financial struggles and declining market share.

Auchan plans to close three hypermarkets and a supermarché, impacting 466 jobs, as part of a broader plan to eliminate 2,389 positions across France.
The company cites persistent economic challenges since 2012, including a drop in market share and revenue, as key reasons for the restructuring.
In addition to store closures, 784 positions in support functions and 915 jobs in other store roles are targeted for cuts.
Auchan aims to reduce its hypermarket sizes by 25% and revamp its business model to better compete with rivals like E. Leclerc and Carrefour.
The retailer is exploring partnerships with Intermarché to enhance purchasing power and offset its competitive disadvantages.