EMCC European Monitoring Centre on Change

Match/Smatch

Company/Organisation:
Match/Smatch

Geographic Location

Country: Belgium

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
Number Employed: 2500
Group: Louis Delhaize

Employment Effects

Announcement Date: 03-09-2019
Planned Job Reductions min: 210
Type of Restructuring: Internal restructuring
Employment Effect Start: 30-09-2019

Additional Information

Management at Match/Smatch, part of the Louis Delhaize group of retail outlets, has announced internal restructuring plans within the company. It is planning to close 16 supermarkets - from a total of 111 -  across the country in an effort to reduce costs as well as decrease the number of staff at the company head office. The Match/Smatch group has not been profitable since 2013 and lost approximately 22 million Euro last year. The reduction in costs will be accompanied by an additional investment of 40 million Euro in an attempt to make the company profitable again within the coming 3 years.

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