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 Of Other Household Equipment In Specialised Stores 47.5 - Retail sale of other household equipment in specialised stores
670 jobs Number of planned job losses
Announcement Date
15 November 2012
Employment effect (start)
Foreseen end date
31 December 2012
Description
On 15 November 2012 the French-owned home improvement chain Bricostore announced the closure of its nine stores in Hungary, dismissing all 670 employees.
Parallel to this the company reportedly expands its activity in Romania; nonetheless there does not seem to be a direct relocation process.
Bricostore Hungaria has been present in the country since 1997 and the last store was opened in 2007, in Miskolc. The company aimed to increase the number of stores to 12, but since 2009 the company’s losses appear to have gradually increased.
Sources
15 November 2012: HR Portal
15 November 2012: Menedzser Fórum
Citation
Eurofound (2012), Bricostore Hungária Barkácsáruház, Closure in Hungary, factsheet number 74534, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74534.
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