Restructuring events
European Restructuring Monitor (ERM)
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.
Electrical appliance retailer Darty has recently announced concrete numbers for its planned job reduction measures resulting from its strategic review published last year. In October 2012, the company first announced its plan to restructure its business across Italy, Spain, the Czech Republic, Slovakia and Turkey in an attempt to streamline its operations.
According to company reports, the company will be closing down its Spanish and Italian operations. While the retail company has sold 20 of its Italian stores to the Dps-Trony group, only closing its store in Milan which will result in 105 job losses, in Spain Darty will close all of its 43 stores resulting in 650 job losses.
Figures for Slovakia, the Czech Republic and Turkey have yet to be published. The retail group with headquarters in Paris, France, currently employs around 11,200 staff and operates across 8 countries.
Eurofound (2012), Darty, Internal restructuring in World, factsheet number 75238, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75238.