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 47.11 - Non-specialised retail sale of predominately food, beverages or tobacco
250 jobs Number of planned job creations
Announcement Date
23 November 2006
Employment effect (start)
1 January 2007
Foreseen end date
1 December 2007
Description
Marks and Spencer is to create 250 new jobs and invest more than 35 million GBP in improvements to its Northern Ireland stores. The firm's original store in Donegall Place, Belfast, is to be completely redesigned and extended. Other stores to be extended include the branches at Forestside, Castlereagh and Omagh. Marks and Spencer currently employs 2,000 staff in its 14 stores in Northern Ireland. The company's divisional executive for Ireland, Neil Hyslop, said the investment would cover seven stores, including three major redevelopments and extensions and a new Simply Food store. Work will begin early in 2007 and is due to be completed before Christmas 2007.
Sources
23 November 2006: BBC Website
Citation
Eurofound (2006), Marks and Spencer, Business expansion in United Kingdom, factsheet number 64504, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64504.
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...