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
10,000 jobs Number of planned job creations
Announcement Date
13 January 2009
Employment effect (start)
13 January 2009
Foreseen end date
31 December 2009
Description
Tesco, a multi-national operator of retail stores, has announced that it is to create 10,000 jobs in the UK by the end of 2009. The creation of a new jobs will come through the opening of new retail outlets in the UK. A spokesperson for Tesco also said that they expect other new jobs to result from the construction of the stores. The announcement of the new jobs comes despite the group announcing in January 2009 results for late November and December 2008 that have been considered disappointing by some analysts. Tesco employs 280,000 in the UK and operates 2,184 sites in the country.
Sources
13 January 2009: Sky news
13 January 2009: Reuters
Citation
Eurofound (2009), Tesco, Business expansion in United Kingdom, factsheet number 68883, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68883.
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