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 47.1 - Non-specialised retail sale 47.1 - Non-specialised retail sale
141 jobs Number of planned job losses
Announcement Date
15 October 2005
Employment effect (start)
Foreseen end date
Description
The Co-operative group is to close 10 department stores as part of its plan to exit this sector of the retail market. The group said it hoped to sell the remaining 26. The closure will result in the loss of 71 full-time and 70 part-time positions. The remaining 26 stores, which employ 491 full-time and 379 part-time jobs, will be closed if a buyer is not found by February 2007. The decision to stop running department stores follows a review suggested it would be better
Sources
15 October 2005: The Guardian
Citation
Eurofound (2005), Co-op, Closure in United Kingdom, factsheet number 62409, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62409.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...