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.
Austria, Germany, Hungary, Slovakia and Czech Republic
Sector
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Household Equipment In Specialised Stores 47.59 - Retail sale of furniture, lighting equipment and other household articles in specialised stores
1,200 jobs Number of planned job creations
Announcement Date
16 February 2017
Employment effect (start)
16 February 2017
Foreseen end date
31 December 2017
Description
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.
Sources
16 February 2017: OÖ Nachrichten
17 February 2017: mobelmarkt
Citation
Eurofound (2017), XXXLutz, Business expansion in European Union, factsheet number 90366, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90366.
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