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 Of Other Household Equipment In Specialised Stores 47.52 - Retail sale of hardware, paints and glass in specialised stores
1,039 jobs Number of planned job losses
Announcement Date
20 March 2019
Employment effect (start)
1 April 2019
Foreseen end date
31 December 2020
Description
The British DIY store group Kingfisher has announced the closure of 11 stores in France and 19 stores in Germany by November 2020, considering their profitability insufficient. Nine Castorama stores and two Brico Dépôt stores are covered by this plan in France. In Germany, the group will close 19 Screwfix stores with the loss of 250 jobs. 'These stores have experienced a steady decline in customer traffic, despite revitalisation initiatives, and their projections remain negative,' Kingfisher said in a release. In France, the 11 closures concern 789 employees, who will be offered a similar position in other locations. However, employees who refuse transfers may be dismissed.
Eurofound (2019), Kingfisher, Internal restructuring in European Union, factsheet number 97420, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97420.
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