ManoMano

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
France, Spain
Sector
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
Job loss
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.

The French restructuring event ManoMano 2023 - France has also been recorded in the ERM database as well as the following previous EU level restructuring events ManoMano 2019 - EU and ManoMano 2020 - EU.

Sources

Citation

Eurofound (2023), ManoMano, Internal restructuring in European Union, factsheet number 200531, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200531.