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 In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
1,000 jobs Number of planned job creations
Announcement Date
2 November 2014
Employment effect (start)
1 January 2015
Foreseen end date
31 December 2015
Description
Alfa-Beta Vassilopoulos, one of the biggest Greek supermarket chains, is to invest in new stores and create 1,000 new jobs.
As reported, AB Vassilopoulos, announced plans to invest €100 million in 2015 on the creation of new stores, as well as on the renovation of the existing ones, all over Greece, with particular emphasis to Crete, Northern Greece, Thessalia and Chalkidiki.
AB Vassilopoulos, established in 1939 in Athens, currently has 306 stores with a total of 11,408 employees; investments from 2011 to 2013 reached almost €350 million.
Sources
2 November 2014: To Vima
Citation
Eurofound (2014), Alfa-Beta Vassilopoulos, Business expansion in Greece, factsheet number 77680, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77680.
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