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 Austrian furniture retailer company XXXLutz announced that during 2017 it will create around 1,200 new jobs across Europe.
The group, which is currently employing 20,800 people and operating 237 stores, is investing €240 million in business expansions. In the upcoming year XXXLutz will open 16 new furnishing houses. Two of these new stores will be opened in Austria while the majority will be opened in Germany.
Across Europe 900 new jobs will be created in Germany and up to 200 in Austria. Czech Republic, Hungary and Slovakia will also be affected by this business expansion as new openings are planned also in those countries.
Eurofound (2017), XXXLutz, Business expansion in European Union, factsheet number 90366, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90366.