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
200 jobs Number of planned job creations
Announcement Date
16 February 2017
Employment effect (start)
16 February 2017
Foreseen end date
31 December 2017
Description
Austrian furniture retailer XXXLutz will create between 150 and 200 new jobs in the upcoming year. The group will open two new stores, one under the trademark "XXXLutz" in Parndorf (Burgendland) and one under the "Möbelix" brand in St. Veit (Carinthia). Overall, XXXLutz is investing €240 million in business expansions across Europe, creating 1,200 new jobs, with the largest share going to stores in Germany.
The group is currently operating 237 stores and employs 20,800 people.
Sources
16 February 2017: OÖ Nachrichten
15 February 2017: Die Presse
Citation
Eurofound (2017), XXXLutz, Business expansion in Austria, factsheet number 90325, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90325.
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