Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Household Equipment In Specialised Stores
47.53 - Retail sale of carpets, rugs, wall and floor coverings in specialised stores

105 jobs
Number of planned job losses
Job loss
Announcement Date
28 October 2013
Employment effect (start)
28 October 2013
Foreseen end date

Description

Carpet retail chain Aro Heimtextilien is to close 23 of its 85 branches in Germany and to cut 105 jobs.

The restructuring is part of an autonomous insolvency plan that was agreed upon by the courts on 21 September.

Aro is headquartered in Nuremberg, employing 450 staff in Germany to date.


Sources

  • 29 October 2013: nordbayern.de
  • 28 October 2013: nordbayern.de

Citation

Eurofound (2013), Aro Heimtextilien, Internal restructuring in Germany, factsheet number 76129, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76129.