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 Sale In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
100 jobs Number of planned job losses
Announcement Date
24 January 2008
Employment effect (start)
Foreseen end date
Description
Waitrose has announced that it is to close its branch in Gates Shopping Centre, Durham with the lost of over 100 jobs. The store opened in November 2005, but its closure has been attributed to the fact that it has traded at a loss since it opened. The company announced that it hopes that some staff will be transferred to their new store planned to open in Newcastle in the summer rather than losing their jobs.
Sources
24 January 2008: BBC Website
Citation
Eurofound (2008), Waitrose, Closure in United Kingdom, factsheet number 66227, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66227.
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