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
1,000 jobs Number of planned job creations
Announcement Date
19 April 2005
Employment effect (start)
1 May 2005
Foreseen end date
1 May 2010
Description
The traditional Berlin-based food retailer Reichelt which was bought by Edeka Group in 2002, wants to expand its operations in Berlin. 25 to 30 markets will be opened in the coming years. About 1,000 jobs will be created in the process. High price retailers like Edeka have to battle with discounters like Aldi and Lidl by means of introducing low-price goods into their assortment. In Reichelt's take-over by Edeka in 2002, 140 jobs were lost, when the two administrations were merged.
Sources
20 April 2005: Tagesspiegel
Citation
Eurofound (2005), Reichelt, Business expansion in Germany, factsheet number 61445, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61445.
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