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 Food, Beverages And Tobacco In Specialised Stores 47.2 - Retail sale of food, beverages and tobacco in specialised stores
1,000 jobs Number of planned job creations
Announcement Date
17 February 2013
Employment effect (start)
30 September 2013
Foreseen end date
31 December 2013
Description
Supermarket chain Morrisons has announced plans to buy 49 stores from bankrupt Blockbuster film rental chain creating 1000 jobs by late summer. Morrisons plans to build a new convenience store franchise called 'Morrisons M', especially targeting London and the South East.
There is no formal commitment by Morrisons to retain Blockbusters staff, but it stated that it would welcome job applications by former Blockbuster staff. Stores are said to be open by late summer.
Sources
17 February 2013: BBC News
17 February 2013: Guardian
17 February 2013: Morrisons (press release)
Citation
Eurofound (2013), Morrisons, Business expansion in United Kingdom, factsheet number 75020, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75020.
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