August 12, 2020

Dia announces the dismissal of 2,100 people after closing 2018 with losses of 352.58 million euros


The supermarket chain Dia has announced in a statement sent to the National Securities Market Commission (CNMV), which will initiate a layoff plan that It would affect a maximum of 2,100 people both in the distributor and its subsidiary Twins Alimentación, S.A. All this, in the day in which it also plans to present its new Business Plan and in which it has already announced its 2018 results.

The distributor has closed last year with some losses of 352.58 million euros, against the profit of 101.20 million euros in 2017, as reported to the CNMV.

In this line, Dia has reached a turnover of 7,288.8 million euros in 2018, compared to 8,217.67 million of euros a year earlier. The supermarket chain presented its results in the same week as LetterOne, a company controlled by Russian investor Mikhail Fridman, which owns 29% of the company has launched an OPA on the company at 0.67 euros per title.

New Strategic Plan

The distributor also announced on Friday the guidelines of its Strategic Plan 2018-2023 that want to focus "on the transformation, modernization and future of the company" with the goal of increasing its market share. What inevitably happens «A renewal» that will revolve around the transformation of the commercial offer to prioritize quality, competitive prices and proximity, according to a company statement.


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