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
400 jobs Number of planned job losses
Announcement Date
14 March 2005
Employment effect (start)
Foreseen end date
14 June 2005
Description
Supermarket chain Iceland Frozen Foods is cutting a third of its workforce at its headquarters in Deeside, Flintshire. The firm wants to cut 400 of the 1,200 jobs by the middle of June. It comes a month after the company was taken over by a consortium led by the Icelandic group Baugur. Chief executive Malcolm Walker said Iceland faced ‘immense challenges' and that ‘painful changes' were needed. The company, which employs 20,000 people across the UK, has begun consultations with staff.
Sources
14 March 2005: BBC News
Citation
Eurofound (2005), Iceland Frozen Foods, Internal restructuring in United Kingdom, factsheet number 61276, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61276.
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