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 Of Information And Communication Equipment In Specialised Stores 47.4 - Retail sale of information and communication equipment in specialised stores
500 jobs Number of planned job creations
Announcement Date
15 December 2015
Employment effect (start)
Foreseen end date
Description
The German retailer of electronics equipment Media Markt, which belongs to the Metro group, foresees the creation of up to 500 jobs in Spain in 2016. The company will open new stores in Santiago de Compostela, Mallorca, Barcelona and Madrid in 2016. Thus, it will increase its current stores from 77 to 100. Currently, Media Markt has a market quota of 14% in Spain. In 2014/2015 the company created 1014 jobs. The company profits increased in Spain by 3% in the last year compared to 1% in Italy.
Sources
15 December 2015: ABC
Citation
Eurofound (2015), Media Markt, Business expansion in Spain, factsheet number 86004, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86004.
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