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 Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Of Food, Beverages And Tobacco 46.39 - Non-specialised wholesale of food, beverages and tobacco
700 jobs Number of planned job losses
Announcement Date
10 October 2014
Employment effect (start)
10 October 2014
Foreseen end date
31 December 2014
Description
Retail chain Metro Cash & Carry announced its plan to cease all its operations in Denmark by the end of 2014. As reported, 400 jobs will be lost after the closure of three warehouses in Aalborg, Kolding and Copenhagen and its headquarters, while 300 jobs will be safeguarded due to a planned takeover of its two sites in Aarhus and Glostrup by Euro Cater.
Acording to the sources, the reason for the closure is a decreasing position at the the Danish market due to a negative turnover.
Updated, 28-11-2014: As reported, the previously announced takeover of the two warehouses in Aarhus and Glostrup by Euro Cater has been cancelled. 700 jobs will be lost after the withdrawal of Metro Cash & Carry in Denmark.
Sources
28 November 2014: cphpost.dk
10 October 2014: Business.dk
28 November 2014: Business.dk
Citation
Eurofound (2014), Metro Cash & Carry, Closure in Denmark, factsheet number 77990, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77990.
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