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
9,000 jobs Number of planned job creations
Announcement Date
20 February 2008
Employment effect (start)
Foreseen end date
28 February 2009
Description
Asda, the UK's second largest supermarket chain, has announced that it is to create 9000 new jobs. The jobs will be created in existing stores and opening new stores. 500 jobs will be created at new in-store pharmacies, and 1,500 will expand the companies home delivery arm. 7000 jobs will be created through the opening of up to 12 superstores, 10 Living stores and 12 store extensions. Asda announced its planned expansion the day after it reported that it had exceeded sales and profit targets for 2007. Asda's parent firm Wal-Mart said annual profits rose 8.6% but Asda did not offer details of its like for like sales growth except to say that sales rose by “mid single digits”.
Sources
20 February 2008: BBC Website
Citation
Eurofound (2008), Asda, Business expansion in United Kingdom, factsheet number 66332, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66332.
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