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
6,000 jobs Number of planned job creations
Announcement Date
18 February 2010
Employment effect (start)
18 February 2010
Foreseen end date
31 December 2010
Description
Asda has announced it will open 10 new stores and expand 10 others in 2010, creating 6000 jobs. This is part of an aggressive sales plan following the lowest quarterly sales growth in two years for the Walmart owned company. Asda's chief executive, Andy Bond, blames the supermarket's strategy of offering promotions last year and the adverse weather for this drop in performance, saying that they would be returning to concentrating on universally lower prices. No figures were given regarding Asda's current number of employees.
Sources
18 February 2010: The Guardian
19 February 2010: The Financial Times
Citation
Eurofound (2010), ASDA, Business expansion in United Kingdom, factsheet number 70240, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70240.
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