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 47.7 - Retail sale of other goods, except motor vehicles and motorcycles 47.71 - Retail sale of clothing
500 jobs Number of planned job creations
Announcement Date
27 February 2007
Employment effect (start)
Foreseen end date
Description
Discount fashion chain Peacocks has unveiled a 21.5 million GBP expansion, creating 500 jobs in the UK.
The Cardiff-based retailer plans to open 30 new stores, including sites at Manchester's Arndale shopping centre and Queen Street in Cardiff. The group, which owns the Bonmarche brand, also plans to revamp 25 of its key city stores across the country. Peacocks currently has 430 stores in the UK, employing 5,000 staff, and has 28 franchises overseas. The first Peacock store opened in Warrington in 1884. The chain now has franchises in Turkey, the Middle East, Ukraine and Russia.
Sources
27 February 2007: BBC News
Citation
Eurofound (2007), Peacocks, Business expansion in United Kingdom, factsheet number 65020, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65020.
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...