Restructuring events
European Restructuring Monitor (ERM)
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.
The Estonian retail company Prisma Peremarket has announced the creation of approximately 200 jobs in 2010 with the opening of two new shops in the cities of Tartu and Narva. About 100 persons will be hired for each shop. The store in Tartu will be opened in spring 2010 and the one in Narva by the end of 2010.
Prisma, a Scandinavian retail chain owned by the SOK group, employs almost 800 people in Estonia. It started its operations in Estonia in 2000 and also operates in Finland, Latvia and Russia. Prisma . Prisma Peremarket offer mainly food and primary goods but also garments and home appliances.
According to the Managing Director of Prisma Peremarket, Janne Lihavainen, the current period of economic decline is favourable for expansion. The favourable rental terms of the business premises gives the opportunity to operate with lower costs than competitors, and therefore offer permanently affordable prices, says Lihavainen.
Eurofound (2009), Prisma Peremarket, Business expansion in Estonia, factsheet number 70025, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70025.