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Friday, March 17, 2006

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Carrefour ready to sell stores, faces workers strike
3/17/2006
 

          SEOUL, Mar 16 (AFP): Carrefour said Thursday it is considering selling some of its 31 South Korean outlets amid reports that the French discount retailer wanted to pull out of the country.
The labour union of Carrefour Korea said it had learned that negotiations were underway to sell-off the entire Korean operation and workers intended to block the plan by launching a strike next month.
Bae Jeong-Guk, a publicity agent for Carrefour Korea said he had heard the reports but said that no confirmation was available.
"It is true that around the end of February, the company decided to consider the sale of some outlets showing weak results," he said.
"But we have no information as to whether Carrefour is seeking to sell the whole Korean unit as has been reported."

 

 
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