Restructuring events
European Restructuring Monitor (ERM)
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.
The supermarket chain Auchan announced that it plans to close two stores in Lubin and Grudziądz, Poland, which will cause 284 redundancies. The closure of the branches is scheduled for 27 September 2020. The conditions of the collective dismissal programme were negotiated with the local trade unions, and dismissed workers will receive severance pay according to their seniority. The company announced that the stores are no longer profitable.
In Poland, Auchan has been operating since 1996; currently, the chain has over 70 hypermarkets and employs about 22,000 across the country.
A previous restructuring in the bank took place in June 2020(293 job cuts).
Eurofound (2020), Auchan, Closure in Poland, factsheet number 101492, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101492.