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
5,000 jobs Number of planned job creations
Announcement Date
16 December 2016
Employment effect (start)
Foreseen end date
31 December 2019
Description
Lidl supermarkets has announced plans for a major new expansion which will create around 5,000 new jobs. The company, which has rapidly increased its market share in recent times, will open 250 new stores in London and will double its existing number of stores to 1,500. A new headquarters will also be created in South West London, and around 450 staff will move there from the current headquarters. The new jobs will become available over a three year period. The announcement of this GBP 1.5 billion (€1.7 billion) investment is seen as a major commitment from Lidl to the UK following the vote to leave the European Union.
Sources
16 December 2016: The Telegraph
16 December 2016: BBC Website
Citation
Eurofound (2016), Lidl, Business expansion in United Kingdom, factsheet number 89703, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89703.
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