Unions Criticize Delhaize Management’s Lack of Financial Transparency: Full Accounts Demanded ASAP

2023-10-23 15:18:11

Several unions announced that staff representatives left the Delhaize works council on Monday. They criticize management for refusing to communicate the company’s complete financial information.

The Setca, the CNE, the CGSLB, the FGTB Horval (horeca-voeding-alimentation), the CSC Alimentations et services as well as the ACV Puls explain that Delhaize should have communicated its accounts and financial information in April, but that the workers did not received only partial figures.

Ce “refusal to communicate“is an element of the ongoing social conflict, they indicate. The management of the brand”is hiding behind the downward revaluation of the value of its stores“, consider the unions.

However, this drop in estimated value has already been recorded (108 million) by the group in June.“According to worker representatives, the company does not want to quantify the real value of the stores”to be able to sell them better“. “She may also be trying to hide the group’s very good results and possible dividends despite the crisis.“, they add.

Workers demand that full accounts be presented”as soon as possible“, before the end of the year. Delhaize recently began opening its first franchised stores, as part of its plan to transition the 128 stores that the company previously owned under its own management to independent status.

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Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

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