ManoMano

Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Wholesale / Retail
47 - Retail trade
47.6 - Retail sale of cultural and recreational goods
47.69 - Retail sale of cultural and recreational goods n.e.c.
150 jobs
Number of planned job losses
Job loss
Announcement Date
12 September 2023
Employment effect (start)
12 December 2023
Foreseen end date

Description

ManoMano, the online retailer specializing in DIY, has presented a restructuring plan to staff representatives, which could lead to the loss of up to 150 jobs in France and 80 in Spain, out of a total workforce of 900.

According to management, ManoMano's growth strategy is encountering difficulties due to several factors such as the war in Ukraine, inflation, rising interest rates and a decrease in investment within technology sector.

Management has initiated an information and consultation procedure with employee representatives, which is expected to last over some months.

Sources

Citation

Eurofound (2023), ManoMano, Internal restructuring in France, factsheet number 200403, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200403.