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.
The large retail firm, Penneys, is creating 280 new jobs with the opening of a new store in Liffey Valley shopping centre. The Liffey Valley store is expected to open in 2016. It also adding 36 new positions to its existing Jervis St. store, which is undergoing investment.
The company is, however, closing its store in Naas, Co Kildare, affecting 22 employees. These staff are to be offered redeployment opportunities other Penneys stores.
The company, one of the largest employers in the industry, already employs around 3,550 people.
Eurofound (2015), Penneys, Business expansion in Ireland, factsheet number 78556, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78556.