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.
British global retailer Tesco has announced that it will cut up to 1,300 jobs through a collective dismissal programme. The programmme will affect logistics centres and the company’s headquarters and will include the closure of 32 unprofitable stores. According to Tesco, the decision was made due to economic reasons.
Tesco has been operating in Poland since 1992; as of January 2019, the company has about 380 stores and employs about 20,000 people across the country. In 2018, the company announced three restructuring programmes: in February (600 jobs lost), June (240 jobs lost), and August (2,200 jobs lost).
Eurofound (2019), Tesco, Closure in Poland, factsheet number 96592, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96592.