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 Danish retailer Netto, a subsidiary of Salling Group, announced that it would close 37 Tesco stores. It will implement a collective dismissal programme, which will cause up to 2,549 redundancies across Poland by the end of March 2022. The source reports that the cuts will affect up to 2,249 rank-and-files and up to 300 managerial roles. The programme will be implemented between 1 July 2021 and 31 March 2022.
In June 2021, Tesco has already announced a closure of its 11 stores in Poland, which will be carried out between 21 June and 31 August 2021.
According to trade unions, the redundancy plan is due to the company's change in its organisational structure, including the reduction of some specific positions both in stores and in distribution centres, to simplify its business process and to adapt to its new operating model.
Founded in 1960, Salling Group is Denmark’s largest retailer, which owns several chains of stores, Netto, Føtex, Bilka and Salling. Netto operates in Germany, Poland, Denmark, and Sweden. In Poland, the chain has been operating since 1995.
Eurofound (2021), Netto, Closure in Poland, factsheet number 105025, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105025.
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