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 Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
300 jobs Number of planned job creations
Announcement Date
5 January 2007
Employment effect (start)
1 October 2008
Foreseen end date
Description
The Spanish giant El Corte Inglés plans to build a new shopping centre in Eibar (Guipúzcoa). The construction of the department store will start in spring 2007 and it is estimated to be finished by October 2008. Built on 20,000 square metres, it will have a Hipercor supermarket and the usual sections of El Corte Inglés. According to sources from Eibar City Council, it is estimated that between 300 and 400 new jobs will be created. The city mayor regards the news as extremely positive for the city's economy.
Sources
5 January 2007: finanzas
Citation
Eurofound (2007), El Corte Inglés, Business expansion in Spain, factsheet number 64901, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64901.
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