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 UK-based retail chain Poundland announced that it will create 280 jobs across the UK and Ireland by Christmas 2020. In the UK, the company is to open 7 new stores creating about 160 jobs, while 120 positions will be created in Ireland. Another 45 branches will be opened over the next 12 months as part of a GBP 15 million (€16.5 million as at 26 November 2020) investment.
Poundland has been operating since 1990 and currently, the chain has a network of 800 stores in the UK and over 60 in Ireland, where the company operates under the brand name 'Dealz'. Poundland sells a wide range of products, including food and drink, health and beauty, gardening and DIY products, offering many items for GBP 1.
Eurofound (2020), Poundland, Business expansion in World, factsheet number 102816, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102816.