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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.10 - Warehousing And Storage
400 jobs Number of planned job creations
Announcement Date
5 December 2024
Employment effect (start)
5 December 2024
Foreseen end date
31 March 2025
Description
Leroy Merlin, a French Do It Yourself, gardening and construction materials corporation will open its new National Distribution Centre in Castanheira do Ribatejo. A joint investment between Montepino, GSE and Leroy Merlin which represents an overall investment of around €120 million (for Montepino) and €8 million (for Leroy Merlin). This investment will create around 400 direct jobs.
The new National Distribution Centre is expected to be 100% operational in the first quarter of 2025, but the company plans to open another logistics platform in Matosinhos in the next two years.
Eurofound (2024), Leroy Merlin, Business expansion in Portugal, factsheet number 202105, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202105.
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