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 47.19 - Other retail sale in non-specialised stores
170 jobs Number of planned job losses
Announcement Date
23 October 2014
Employment effect (start)
Foreseen end date
Description
High Street retailer Wilko has announced that up to 170 jobs could be lost at its head office. This represents about one quarter of the site's workforce. Consultation has been launched. This is expected to conclude by April with redundancies anticipated. The consultation is known to affect a number of departments and cut across all salary levels at the Worksop-based head office.
The company, which was previously known as Wilkinson until its rebranding in April 2014 has suffered two years of declining sales and stagnant profits. Competition from other discount retailers is thought to be behind Wilko's recent poorer performance. The company operates 375 UK stores and also trades via its website.
Sources
23 October 2014: Retail Week
Citation
Eurofound (2014), Wilko, Internal restructuring in United Kingdom, factsheet number 77826, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77826.
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