This can result in job losses of up to 302 jobs, the company Tuesday announced in a press release.
The plan shall be the company’s profitability to recover. In the last five years the turnover of Blokker in Belgium declined by 20 percent. The operating loss came in the year 2015 at eur 15 million, and for 2016 this will amount to 18 million euro.
“The market of retail sales of non-food products since a number of years, under severe pressure. This trend coincides with the strong growth of the online trading and with the increasing competition both from existing and new brands”, claims the company.
The plan is to more than a third of the Belgian branch offices to close Tuesday
Future is secure
“The proposed restructuring plan threatens 302 jobs and I am very well aware that this announcement is for all of us is very difficult. We want to Blocker the necessary tools to be profitable again, and so the future of our company in Belgium to secure,” says Bernd Bosch, CEO of Blocker Belgium.
Blocker has in Belgium more than nine hundred employees. The retail chain since 1977 active in the country.
Also in the Netherlands the retail job cuts and loss-making shops will be closed. The past two years, been here about eight hundred jobs have been lost.
Blokker Holding has a total of ten different retail formats, and over 2,200 stores in eight countries.
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