Ahold Delhaize aims to save €5 billion between 2025 and 2028, without losing jobs, the supermarket giant announced on Thursday at an investor day event.
The parent company of Delhaize, Albert Heijn and Bol, among others, outlined a new strategic plan on Thursday. It plans to repurchase €1 billion worth of its own shares each year and seek to increase savings.
Ahold Delhaize had planned to save €4 billion in the 2022-2024 period. It has now raised that target.
Efficiency measures such as automating logistics and distribution are major elements of the new strategy. The group plans to strengthen in-store operations, increase joint purchasing, collaborate more on the development of private brands, and explore ways to organise stores more effectively -through increased use of self-scan checkouts, for example.
“No jobs will be threatened as part of this process,” an Ahold Delhaize spokesperson said.
