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
1,900 - 2,202 jobs Number of planned job losses
Announcement Date
16 May 2017
Employment effect (start)
16 May 2017
Foreseen end date
16 May 2019
Description
Dutch company Blokker Holding announced a restructuring of its chains Blokker and Marskramer. The internal restructuring will produce a loss of 1,900 full-time jobs, under 9 percent of its workforce, over the next two years. As part of the restructuring programme, Blokker Holding will sell all its franchise formulae – Intertoys (Intertoys/Bart Smit/Toys XL), Maxi Toys, Xenos, Big Bazar and Leen Bakker- except Blokker. The franchise formulae up for sale employ around 13,500 workers and the group hopes to sell them intact.
This internal restructure and the consequent decision will affect employees in the Netherlands(1900 jobs lost) and led to cut 302 jobs in Belgium in February 2017.
Sources
16 May 2017: Reuters
16 May 2017: nltimes
Citation
Eurofound (2017), Blokker Holding, Internal restructuring in European Union, factsheet number 91070, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91070.
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