The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
250 jobs Number of planned job losses
Announcement Date
4 May 2020
Employment effect (start)
4 May 2020
Foreseen end date
Description
The Polish discount clothing chain TXM reduces its employment by 250 positions throughout a collective dismissal programme. The programme is related to the COVID-19 pandemic; the restructuring was registered by the company at the local employment agency in April 2020.
TXM, founded in 1989, is a part of the capital group Redan; currently, it is the largest Polish clothing chain owning over 260 stores across the country. The chain also operates in Romania, Czech Republic and Slovakia.
Eurofound (2020), TXM, Internal restructuring in Poland, factsheet number 100718, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100718.
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