Type
Business expansion
Country
Germany
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Trade, Except Of Motor Vehicles And Motorcycles
47 - Retail trade, except of motor vehicles and motorcycles

5,000 jobs
Number of planned job creations
Job creation
Announcement Date
3 November 2005
Employment effect (start)
1 January 2006
Foreseen end date
31 December 2006

Description

The Tengelmann-group, a retailer of food (Plus and Tengelmann), textiles (Kik) and do-it-yourself-products (OBI), wants to grow strongly in 2006 and create up to 5,000 new jobs, thereby investing € 422 billion. The company has been growing healthily in the recent past.


Sources

Citation

Eurofound (2005), Tengelmann, Business expansion in Germany, factsheet number 62502, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62502.