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 47.19 - Other retail sale in non-specialised stores
1,300 jobs Number of planned job losses
Announcement Date
12 May 2004
Employment effect (start)
Foreseen end date
Description
Laurus, the second wholesale trade group in the Netherlands after Ahold, announced in May 2004 a cost-saving programme including the redundancy of 1,300 people in its Edah (750 job cuts), Super De Boer (300) and Konmar (240) stores. This is a necessary reaction to the ‘war of prices' in the great distribution market, as Laurus's sales have decreased by 10.5% during the last year. The group has already sold its Belgian stores to Carrefour and Colruyt, and had sold its Spanish stores in 2002.
Sources
12 May 2004: Les Echos
12 May 2004: La Tribune
Citation
Eurofound (2004), Laurus, Internal restructuring in Netherlands, factsheet number 60457, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60457.
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