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 In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
100 - 3,257 jobs Number of planned job losses
Announcement Date
10 August 2017
Employment effect (start)
Foreseen end date
Description
Major supermarket Asda has announced plans to restructure employment at 18 underperforming stores. Reports suggest that 3,257 jobs have been placed into consultation, though the actual number of job losses is predicted to be somewhat lower than this figure, though still somewhere in the hundreds. In addition to job losses, it is being suggested that jobs may be saved by reducing the number of hours of work available to staff. Reports from one source also suggest that Asda is considering the staffing levels in a further 59 stores, though these plans remain at the informal stage. The decision of Asda to look at staffing levels follows widespread volatility in the supermarket sector with a number of competitors undertaking similar restructuring measures.
Sources
10 August 2017: The Guardian
10 August 2017: The Telegraph
Citation
Eurofound (2017), Asda, Internal restructuring in United Kingdom, factsheet number 91905, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91905.
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