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.
Lidl, the German discount supermarket chain has announced plans to open 25 new stores across the UK by the end of 2020, creating 1,000 new jobs. The first few shops will open in Coleford, Harrow Weald, and Selhurst in England and in Llandudno Junction in Wales. Employees will earn a minimum of £9.30 (€ 10.47 as at 2 September 2020) per hour outside of London and £10.74 (€12.09) in London. The salaries are higher than the UK National Living Wage.
The chief executive officer of Lidl GB said the company was 'committed' to meeting its targets for opening new shops despite the slowdown of construction projects due to the COVID-19 pandemic.
Lidl is also hiring 500 workers for its Scottish stores.
Lidl opened its first shops in the UK in 1994 and currently has 800 shops. The chain has continued to grow during the COVID-19 crisis and aims to have 1,000 shops by the end of 2023.
Eurofound (2020), Lidl, Business expansion in United Kingdom, factsheet number 101565, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101565.