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 47.12 - Other non-specialised retail sale
450 jobs Number of planned job losses
Announcement Date
5 December 2008
Employment effect (start)
Foreseen end date
Description
UK retailer Woolworths is to cut 450 jobs from its offices in London and Rochdale.The move comes after the company, which employs 25,000 people in the UK, went into administration in November 2008. As of 7 December 2008 it has not been announced when these job losses will occur.
Sources
5 December 2008: The Guardian
Citation
Eurofound (2008), Woolworths, Internal restructuring in United Kingdom, factsheet number 67579, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67579.