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 Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
52 jobs Number of planned job losses
Announcement Date
15 March 2022
Employment effect (start)
31 March 2022
Foreseen end date
31 December 2022
Description
Pimkie is downsizing its Spanish business. The company plans to close 16 of its shops throughout Spain, a process that will involve a redundancy programme (ERE) for 52 workers. The company has informed the workforce about its intention to initiate the steps leading to the processing of a collective redundancy.
Pimkie will close ten shops in shopping centres and six street shops located in Madrid, Andalusia, Valencia, Catalonia, Balearic Islands and Castilla La Mancha. This way, the company will reduce its distribution network in Spain to around forty points of sale. This is the third redundancy programme that the company has implemented in the Spanish market in the last three years.
Updated 26/04/2022: Pimkie has reached an agreement with the workers to carry out a redundancy programme (ERE). This ERE foresees a dismissal of 52 workers (same as initially suggested), plus the closure of fifteen shops, one less than planned. The agreed severance pay will be thirty days' salary per year worked, with a maximum of thirteen monthly payments.
Sources
Citation
Eurofound (2022), Pimkie, Closure in Spain, factsheet number 106472, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106472.
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