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.
Wholesale / Retail 47 - Retail trade 47.6 - Retail sale of cultural and recreational goods 47.69 - Retail sale of cultural and recreational goods n.e.c.
230 jobs Number of planned job losses
Announcement Date
12 September 2023
Employment effect (start)
12 December 2023
Foreseen end date
Description
ManoMano, the online retailer specializing in DIY, has announced a restructuring plan, which could lead to the dismissal of 230 employees, out of which 150 workers in France and 80 in Spain. According to management, ManoMano's growth strategy is encountering difficulties due to several factors such as the war in Ukraine, inflation, rising interest rates and a decrease in investment within technology sector.
Eurofound (2023), ManoMano, Internal restructuring in European Union, factsheet number 200531, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200531.
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