Overview

• Gifi has halted its social plan for 166 positions at its Villeneuve-sur-Lot headquarters by mutual agreement with the CFDT union
• Christophe Mistou, who takes over as president on September 1, will use the pause to analyze operations and design a reorganization aligned with his vision
• A separate plan to close 11 stores and eliminate 116 jobs remains on schedule and will be carried out as originally planned
• The April reorganization blueprint drafted by the previous governance was judged unable to deliver the strategic turnaround the company needs
• CFDT representative Emmanuel Selves reports that 70% of affected employees feel relieved by the interruption while 30% express disappointment, and negotiations are set to conclude by July 25