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.
West Midlands; Herefordshire; Worcestershire and Warwickshire
Location of affected unit(s)
Hemel Hempstead in Hertfordshire
Sector
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale On A Fee Or Contract Basis 46.15 - Agents involved in the sale of furniture, household goods, hardware and ironmongery
400 jobs Number of planned job losses
Announcement Date
17 December 2014
Employment effect (start)
1 May 2015
Foreseen end date
31 October 2015
Description
Electronics group Dixons Carphone has announced that it will cut 400 jobs in the UK. The job cuts will take place in the head office arising from cost savings from the merger in August 2013 between Carphone Warehouse and Dixons Retail. The UK workforce would be reduced from 2,000 staff to 1,600. The company has said that many of those leaving would be comprised of former Dixons staff who are not willing or able to relocate from Hemel Hempstead in Hertfordshire to Acton in West London.
It is anticipated that the relocation will be completed between May and October 2015. In the United Kingdom, the group owns Currys/PC World. The company employs around 40,000 people across Europe and has flagged that a further 400 job losses may eventuate as the Group continues to review the organisational structure after the merger. This may include job losses in its Dutch, German and Portuguese operations. The company has said that in the longer term, it expected to generate new jobs through expansion.
Eurofound (2014), Dixons Carphone, Merger/Acquisition in United Kingdom, factsheet number 78048, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78048.
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