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 Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
172 jobs Number of planned job losses
Announcement Date
9 October 2006
Employment effect (start)
Foreseen end date
Description
More than 170 employees at the Roches Stores outlet in Wilton in Cork city have been left jobless after a takeover deal with Marks and Spencer (M&S), which would have seen their jobs retained, fell through after the site landlord and M&S were unable to reach an agreement on the terms of a lease for the 45,000sq ft premises. The 172 staff were due to receive redundancy payments at the end of October.
Reports have emerged that retailer Penney's will become the new tenant at the store. It is not yet clear whether the former Roches Stores staff will be employed by Penney's.
Sources
10 October 2006: The Irish Times
10 October 2006: The Irish Examiner
Citation
Eurofound (2006), Roches Stores, Closure in Ireland, factsheet number 64271, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64271.
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