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
233 jobs Number of planned job losses
Announcement Date
4 February 2014
Employment effect (start)
30 April 2014
Foreseen end date
31 December 2014
Description
Interior design chain HomeMarket announced to close its 38 shops in Belgium, resulting in the loss of 233 jobs.
According to the management, the closure is due to the economic downturn as well as the high competition within the sector.
For the unions, the decision is not a surprise. They confirm that the financial results were not good even if the company tried to do the best to avoid the closure. The Renault Procedure will be soon launched.
Sources
4 February 2014: L'avenir
4 February 2014: RTBF
Citation
Eurofound (2014), HomeMarket, Closure in Belgium, factsheet number 76584, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76584.
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