Type
Closure
Country
Luxembourg
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Trade, Except Of Motor Vehicles And Motorcycles
47 - Retail trade, except of motor vehicles and motorcycles

262 jobs
Number of planned job losses
Job loss
Announcement Date
25 April 2006
Employment effect (start)
Foreseen end date
15 May 2006

Description

Monopol is a chain in household products and textiles. This Luxembourgian family firm had about ten selling points in Luxembourg. Ageing customers, an extremely bad turnover and, above all, no one to take over the firm has forced the managing director of the firm to cease the activities and to go into liquidation.


Sources

  • 26 April 2006: Le Quotidien
  • 26 April 2006: La Voix du Luxembourg
  • 28 April 2006: La Voix du Luxembourg

Citation

Eurofound (2006), Monopol, Closure in Luxembourg, factsheet number 63402, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63402.