Restructuring events
European Restructuring Monitor (ERM)
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.
Woolworth, the German retail chain, has announced that it plans to create about 2,000 new jobs across Europe by the end of 2026.
The company wants to launch over 200 new stores, with about 100 across Germany. In March 2026, Woolworth opened its 1,000th European store in Essen, Germany. Its long-term goal is to expand to 5,000 stores throughout Europe.
Founded in 1879 in the United States and active in Germany since 1926, Woolworth currently operates 1,000 stores across Germany, Austria, Poland, the Czech Republic, and Slovakia, employing over 14,000 people in Europe.
Previous business expansion event of Woolworth has been recorded in the ERM database: Woolworth 2025-EU.
Eurofound (2026), Woolworth, Business expansion in European Union, factsheet number 204439, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204439.