German grocery retailer Spar has said it plans to cut 1,000 jobs at its wholesale division as part of a restructuring plan.
The company plans to close a warehouse in Langenweddingen in the east of the country at the beginning of the year and streamline its wholesale operations in six other cities, reported Dow Jones International News.
“We must reorganise our wholesale organisation competitively to be a more efficient partner for our retail stores and the industry,” chief executive Stephen Schelo was quoted as saying.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now