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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Food, Beverages And Tobacco In Specialised Stores 47.2 - Retail sale of food, beverages and tobacco in specialised stores
150 jobs Number of planned job losses
Announcement Date
17 May 2003
Employment effect (start)
Foreseen end date
Description
According to the mamagement position there is an over-investment in the food retail trade sector resulting in intense competition for small and medium enterprises. As a result, all 13 department stores of Super Market Antonopoulos were progresivelly driven into red, leaving no alternative solution apart from bankruptcy. 150 workers are affected by the closure.
Sources
18 May 2003: Kathimerini
19 May 2003: Naftemboriki
27 May 2003: Federation of Greek Private Employees (OIYE)
Citation
Eurofound (2003), Super Market Antonopoulos, Bankruptcy in Greece, factsheet number 59201, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59201.
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