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.
Irish low-cost fashion retailer Primark announced that it plans to expand its activities and increase its workforce by more than 3,000 jobs across Europe in 2021-2022, including Italy, the Czech Republic, Poland, Slovakia, and Spain.
In Italy, the chain is to open eight new store and hire more than 2,000 people by the end of 2022. In Poland, the company announced that it will create 230 jobs at its second store in the country, and another two units are expected to be launched in 2022. In Spain, the company is to open seven new shops and hire about 650 people. In the Czech Republic, Primark will create 300 jobs at its shop in Prague, and two other stores are expected to be launched in 2022. The company is also planning to invest in Slovakia, where it has recently concluded a lease agreement for the opening of the first local store. The new stores in the Czech Republic, Poland and Slovakia are part of company’s expansion in Central and Eastern Europe.
Primark, headquartered in Dublin (Republic of Ireland), was founded in 1969. The chain has over 396 stores in 15 countries. Primark employs over 78,000 people.
Eurofound (2021), Primark, Business expansion in European Union, factsheet number 104945, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/104945.