Type
Internal restructuring
Country
Spain
Region
Location of affected unit(s)
Sector
Retail
Wholesale Trade, Except Of Motor Vehicles And Motorcycles
Wholesale Trade, Except Of Motor Vehicles And Motorcycles
46 - Wholesale trade, except of motor vehicles and motorcycles

700 jobs
Number of planned job losses
Job loss
Announcement Date
9 June 2003
Employment effect (start)
1 June 2003
Foreseen end date
1 June 2003

Description

A new management team manage now the company. They restructure the whole company and sale 193 spanish stores. This measure is the result of the crisis in the retail market in Spain and France.

1000 jobs has been tranfers somewhere else in the company.


Sources

  • 9 June 2003: El PaĆ­s

Citation

Eurofound (2003), El Arbol, Internal restructuring in Spain, factsheet number 59776, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59776.