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 Cultural And Recreation Goods In Specialised Stores 47.64 - Retail sale of sporting equipment in specialised stores
250 jobs Number of planned job losses
Announcement Date
23 January 2013
Employment effect (start)
23 January 2013
Foreseen end date
Description
Sport Eybl & Sports Experts group announced streamlining plans, which will see 250 employees go. The Wels (Upper Austria) based family-owned company is the country's largest sports equipment retailer and currently employs some 2,200 workers in Austria.
The group will undergo a drastic cost-cutting programme and is looking for strategic partners providing them with know-how and equity capital. Some shops may be closed, while the two distinct brands Eybl and Sports Experts will be streamlined.
Reasons for the economic difficulties of the group are the second 'bad' winter in a row, an unsuccessful expansion and a failed private label strategy. The union was surprised by the announcement of the restructuring plans and demands a social plan for the redundant employees.
Sources
23 January 2013: Der Standard
23 January 2013: Oberösterreichische Nachrichten
22 January 2013: Die Presse
Citation
Eurofound (2013), Sport Eybl & Sports Experts, Internal restructuring in Austria, factsheet number 74800, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74800.
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