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.
German perfume retailer chain Douglas has presented a labour force adjustment plan affecting 121 jobs. The company also plans to close a number of stores throughout Spain. The affected locations have not be indicated as yet. Douglas operates 80 stores in Spain.
Update, 19-06-2013: Douglas is to cut 99 jobs instead of the 121 previously announced. The restructuring is due to the lower demand and sales. The closure affects 9 sites (49 redundancies) in Leon, Madrid, Salamanca, Cadiz, Barcelona, Zaragoza, Valencia and Murcia, the central services (6 job cuts), various work centers (29 job cuts) and 15 employees who accepted volunteer redundancies.
Additionally, on the basis of individual agreements, 29 full-time workers accepted part-time contracts. The affected workers will be entitled to compensation
Eurofound (2013), Douglas, Internal restructuring in Spain, factsheet number 75594, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75594.