By Anthony Shevlin

Carrefour Belgium said Friday that it has amended its restructuring plan and now proposes to keep open two hypermarkets that were threatened with closure.

The company, which is part of Carrefour SA (CA.FR), said it plans to keep the hypermarkets in Belle-Ile and Genk open but in an integrated supermarket format and with new working and pay conditions.

Carrefour Belgium also proposes to reduce the number of planned job cuts in the Westerlo, Brugge St-Kruis, Haine-St-Pierre and Turnhout stores.

In January Carrefour said it planned to cut up to 1,233 jobs from its hypermarkets and head office in Belgium as part of a corporate restructuring designed to address the "intensifying" competition in the retail sector.

These amendments could be implemented provided management and industrial partners reach a final agreement before the summer.

Write to Anthony Shevlin at anthony.shevlin@dowjones.com

(END) Dow Jones Newswires

April 13, 2018 10:42 ET (14:42 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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