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.
Wholesale / Retail Retail trade Non-specialised retail sale 47.11 - Non-specialised retail sale of predominately food, beverages or tobacco
1,500 jobs Number of planned job creations
Announcement Date
4 December 2015
Employment effect (start)
7 December 2015
Foreseen end date
7 December 2018
Description
Germany-based discount retailer Lidl has announced plans to expand its business in the Czech Republic and create up 1,500 new jobs in the next three years. The firm envisages modernization, construction and development of new warehouse space with an investment of CZK 9 billion (EUR 333 million). The first store in Lidl's new roll-out of services in the Czech Republic was opened in early December in the city of Beroun.
Lidl entered the Czech market in 2003 and currently employs 6,654 people in 230 stores.
Sources
4 December 2015: Finanční noviny
Citation
Eurofound (2015), Lidl, Business expansion in Czechia, factsheet number 85702, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85702.
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