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.
South East; Hampshire and Isle of Wight; Portsmouth
Location of affected unit(s)
Southsea
Sector
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.1 - Retail sale in non-specialised stores
127 jobs Number of planned job losses
Announcement Date
23 January 2019
Employment effect (start)
Foreseen end date
31 July 2019
Description
John Lewis has announced plans to close its store in Southsea. The store, which trades under its original name of Knight & Lee, employs 127 staff. Reports suggest that the closure will take effect by the end of July 2019. The store is one of the group's smallest full-range department stores, and modernising is thought to be too difficult. John Lewis has stated that it has no further plans for store closures. It has also said that it will look to mitigate the effects of redundancy by examining prospects for redeployment within the group.
Previous restructurings took place in September (270 jobs lost, while 70 created) and July (300 jobs created) 2018.
Eurofound (2019), John Lewis, Closure in United Kingdom, factsheet number 96676, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96676.
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