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 47.7 - Retail sale of other goods, except motor vehicles and motorcycles 47.71 - Retail sale of clothing
41 jobs Number of planned job losses
Announcement Date
23 May 2003
Employment effect (start)
1 May 2003
Foreseen end date
Description
Nico Austria is specialised in retailing clothes and shoes since 1996. Nico Italy decided to close down the shop, which make 41 jobs redundant in Austria.
Sources
23 May 2003: Der Standard
Citation
Eurofound (2003), Nico Austria, Closure in Austria, factsheet number 59273, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59273.