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 47.59 - Retail sale of furniture, lighting equipment and other household articles in specialised stores
100 jobs Number of planned job creations
Announcement Date
30 August 2016
Employment effect (start)
1 January 2018
Foreseen end date
31 December 2022
Description
Austrian furniture store chain XXXLutz will create between 100 and 400 new jobs near Erfurt. The company is building a new logistics centre for its e-commerce shop. The first construction phase will be finished in 2018. The investment for the construction work and the first 100 jobs amounts to €70 million. The company announced plans to create a total of up to 400 new jobs at this new site.
XXXLutz closed another logistic center and therefore cut 99 jobs in Mannheim in February 2016 (XXXLutz, 2016). The XXXL Group employs about 22,000 people in Europe.
Sources
1 September 2016: XXXLutz Press Release
30 August 2016: Thüringer Allgemeine Online
Citation
Eurofound (2016), XXXLutz, Business expansion in Germany, factsheet number 88597, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88597.
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