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 Goods In Specialised Stores 47.75 - Retail sale of cosmetic and toilet articles in specialised stores
421 jobs Number of planned job losses
Announcement Date
20 January 2014
Employment effect (start)
Foreseen end date
Description
The cosmetic retailer chain Perfumerías Marionnaud is planning to dismiss 421 employees and to close 3 shops (2 in Bilbao and 1 in Madrid). As reported, among the 421 affected staff, 70 job cuts refer to temporary workers and 6 to natural attrition.
According to the sources, the company has lost EUR 94 million from 2008 to 2013. The unions consider the restructuring measures as radical and express fears that will challenge the future viability of the company.
The timeline for the restructuring is not yet available.
Sources
20 January 2014: La Voz Libre
Citation
Eurofound (2014), Perfumerías Marionnaud, Internal restructuring in Spain, factsheet number 76453, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76453.
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