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
480 jobs Number of planned job creations
Announcement Date
25 January 2010
Employment effect (start)
25 January 2010
Foreseen end date
30 June 2010
Description
The Swedish furniture retailer Ikea plans to vcreate 480 new jobs at a €70-million new store in Loures. The new IKEA store, the third in Portugal and the largest in the Iberian Peninsula, should be open by June 2010. The Loures Council representatives believes that this project will strengthen environment economic tire of the municipality especially in this period of severe economic crisis and unemployment. The excellent accessibility and proximity to the airport were some of the main reasons for the choice of Frielas as the location for the new store.
Sources
22 February 2010: agencia Financeira
Citation
Eurofound (2010), IKEA, Business expansion in Portugal, factsheet number 70411, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70411.
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