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 Of Other Household Equipment In Specialised Stores 47.5 - Retail sale of other household equipment in specialised stores
200 jobs Number of planned job losses
Announcement Date
4 November 2008
Employment effect (start)
Foreseen end date
Description
Homebase, a retailer of home improvement equipment and member of the Home Retail Group, is to cut 200 jobs across the UK as a reaction to a steep decline in demand. The cuts are part of a wider cost-reduction plan announced by the company a month ago. The company aims to cut costs by £40m in the current year. As of November 2008 there is no information on when the job losses will be implemented by.
Sources
5 November 2008: The Guardian
4 November 2008: Financial Times
Citation
Eurofound (2008), Homebase, Internal restructuring in United Kingdom, factsheet number 67349, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67349.
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