Type
Closure
Country
Germany
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Information And Communication Equipment In Specialised Stores
47.43 - Retail sale of audio and video equipment in specialised stores

290 jobs
Number of planned job losses
Job loss
Announcement Date
4 September 2012
Employment effect (start)
Foreseen end date
31 December 2012

Description

Electronics retail chain ProMarkt, a subsidiary of German retailer REWE will close 10 out of 70 chain stores in Germany until the end of 2012. 290 out of 1,890 full-time posts will be lost. The restructuring is reported to be necessary to save ProMarkt from bankruptcy. The remaining stores will be modernized.

A social plan has been agreed on with the works council.


Sources

  • 4 September 2012: K├Âlner Stadt-Anzeiger

Citation

Eurofound (2012), ProMarkt, Closure in Germany, factsheet number 74073, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74073.