Friday 29th June 2012, 11:24 London
Metro Cash & Carry to cut jobs
Reports in Germany claim the group is to undergo further drastic restructuring
Metro Cash & Carry is to make what have been described as 'significant job cuts' to its workforce, according to a report by Lebensmittel Zeitung.
The publication, quoted by Planet Retail, said that the Metro Group-owned retailer was cutting back due to a weak sales and earnings performance.
According to the report, the group's Dominique Minnaert is reducing its second tier of management after axing many key positions in the past months.