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 In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
5,000 jobs Number of planned job losses
Announcement Date
12 January 2012
Employment effect (start)
13 January 2012
Foreseen end date
15 February 2012
Description
On 12 January 2011, the Belgian food retailer Delhaize announced 5,000 job cuts worldwide, mainly in the USA, where 113 unprofitable stores will be closed in the next 30 days. It will also close 30 stores in Europe, in Bulgaria, Serbia and Bosnia. The group is responding to a sales decrease at the US stores "Food Lion". The food retailer obtained around 23 percent of revenue from its Belgian home market last year, with the US accounting for 65 percent.
Sources
12 January 2012: Bloomberg Businessweek
12 January 2012: AFP Liaisons
12 January 2012: Challenge
Citation
Eurofound (2012), Delhaize, Internal restructuring in World, factsheet number 72955, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72955.
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