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 47.1 - Retail sale in non-specialised stores
1,000 jobs Number of planned job creations
Announcement Date
23 April 2007
Employment effect (start)
2 May 2007
Foreseen end date
31 December 2007
Description
The French co-operative 'Système U', an association of independent supermarkets, announced on 23 April 2007 that fourteen new stores will be created in the west of France. Système U Ouest, which currently employs 6,193 people in 700 stores, will create 1,000 new jobs between May and December 2007 in its 14 new stores. The business expansion will also bring an increase of System U's sale surface to 783,100 square metres in those 347 sites in the West of France where its market share exceeds 20%. In 2006, the sales turnover of the company rose by 4%, reaching 5.7 billion Euros (except fuel/oil). In April, Système U already announced difficulties to find candidates for jobs proposed.
Sources
23 April 2007: Les Echos
24 April 2007: Ouest France
3 May 2007: La Tribune
Citation
Eurofound (2007), Système U, Business expansion in France, factsheet number 65274, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65274.
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