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 Of Other Household Equipment In Specialised Stores 47.5 - Retail sale of other household equipment in specialised stores
339 jobs Number of planned job losses
Announcement Date
24 August 2016
Employment effect (start)
8 September 2016
Foreseen end date
Description
Electrodomésticos Miró, a retail chain specialising in household electrical equipment, (including fridges, ovens and washer/dryers) will close all outlet stores. This decision implies the dismissal of its entire workforce (339 workers). Electrodomésticos Miró is owned by the Swiss investment fund 'Springwater Capital', who has informed staff of their redundancies by means of a letter. The company stated that it expects to sell the chain and maintain its activity and some jobs. The company stated that there are several buyers already expressing interest; the company expects to achieve agreements with potential buyers to hire the dismissed workers.
Electrodomésticos Miró has 65 shops in Catalonia, Comunidad Valenciana, Baleares, Castilla-La Mancha, Madrid, Soria (Castilla y León) and Barakaldo (País Vasco). In 2015, the company had a turnover of €100 million.
Sources
24 August 2016: El País
24 August 2016: El periódico
Citation
Eurofound (2016), Electrodomésticos Miró, Closure in Spain, factsheet number 88456, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88456.
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