Thursday, July 17, 2008

2007: Employees in Retail Stores steal 165 Million Euro

The Foundation for Counteracting Fraud in Retailing (FAD) has called for a national hot line where retailers can report thefts and fraud by staff. In 2007 the average fraud by an employee rose by 8% to 5,000 Euro. Retailers now often do not report these incidents to the police, saying that the police and the justice department act too slowly on such issues. Last year employees in retail establishments stole 165 million Euro.

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