Laurus to cut 500 jobs to slash costs

Troubled supermarket group Laurus is to cut 500 jobs by reorganising its office structure and shutting down a distribution centre in Waddinxveen. The cuts mean that Laurus will become ‘a lean and mean’ organisation with overheads and logistics which fit the current and future size of the retail network, the company said in a statement.

The company expects the measures will save €15 mln a year.
The Financieele Dagblad reports today that Laurus’s problems are likely to be compounded by a string of compensation claims following the sale of the Edah and Konmar chains.
Sources told the paper that the termination of several long term delivery contracts would cost Laurus tens of millions of euros. One former manager said the cancellation of contracts for wine, cheese and chicken could cost the company €50 mln alone.

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