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.
Hotel / Restaurants Accommodation And Food Service Activities Food And Beverage Service Activities 56.2 - Event catering and other food service activities
6,700 jobs Number of planned job losses
Announcement Date
30 January 2009
Employment effect (start)
Foreseen end date
31 December 2009
Description
Sturbucks Corporation, US-based international coffeehouse chain, has announced that it is to cut 6,700 jobs worldwide (out of approximately 176,000) with the closure of 300 stores, including 200 in the United States. Starbucks plans to eliminate about 6,000 store jobs and 700 corporate jobs, including about 350 at its corporate headquarters in Seattle. The job losses are attributed to a massive decline in Starbucks' sales in recent quarters.
Sources
30 January 2009: Hospodárske noviny
Citation
Eurofound (2009), Starbucks Corporation, Internal restructuring in World, factsheet number 67997, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67997.
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