Type
Closure
Country
Hungary
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail trade
47 - Retail trade

788 jobs
Number of planned job losses
Job loss
Announcement Date
22 January 2015
Employment effect (start)
26 February 2015
Foreseen end date
14 April 2015

Description

Baumax, an Austrian-owned 'do-it-yourself' chain, will close its 14 stores in Hungary by April 2015, resulting in the loss of 788 jobs. The XXXLutz furniture chain will take over the stores.


Sources

  • 22 January 2015: Munkajog.hu
  • 22 January 2015: BBJ
  • 27 February 2015: Origo

Citation

Eurofound (2015), Baumax Magyarország, Closure in Hungary, factsheet number 78286, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78286.