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 In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
4,300 jobs Number of planned job creations
Announcement Date
13 May 2004
Employment effect (start)
Foreseen end date
Description
Supermarket group Asda, which is part of the US Wal-Mart business, is extending its market reach by building new stores and relocating others. The group's plans would create 4,300 jobs by the end of 2004. Criticism has been voiced by environmental groups such as Friends of the Earth who said that the new and bigger Asdas would be bad news for local traders, local communities, and farmers. It questioned whether the group could truthfully say it was creating thousands of new jobs as many other jobs in local communities may be lost as a result of its new superstores opening.
Sources
13 May 2004: The Guardian
Citation
Eurofound (2004), ASDA, Business expansion in United Kingdom, factsheet number 60340, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60340.
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