German retail giant posts quarterly loss

May 05 2009 16:52:55

German retail giant posts quarterly loss

Agence France-Presse

Metro had posted a net loss of 15 million euros in the first three months of 2008. Group sales slipped by 2.5 percent to 15.2 billion euros, a statement said. Metro took 33 million euros in charges linked to the implementation of a cost-cutting program that should lead to the elimination of 15,000 jobs.

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