Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail trade
47 - Retail trade

800 jobs
Number of planned job losses
Job loss
Announcement Date
21 August 2003
Employment effect (start)
Foreseen end date

Description

The group PowerHouse is concerned about its ability to continue paying its suppliers. On 29 August 2003, the CEO has decided to close 93 of the 223 stores in United Kingdom.


Sources

Citation

Eurofound (2003), PowerHouse, Internal restructuring in United Kingdom, factsheet number 59040, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59040.