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
250 jobs Number of planned job creations
Announcement Date
19 September 2018
Employment effect (start)
Foreseen end date
Description
Supermarket group Tesco has announced plans to create a new discount store format. The new chain will be known as Jack's and will create 250 new jobs. The first store is due to open in Cambridgeshire imminently, and there are plans to create around 10 to 15 of these stores, over the next year, each employing around 25 people. Jack's stores will offer a low cost alternative to other discounters and will stock a more limited range of products than Tesco stores.
Sources
Citation
Eurofound (2018), Jack's, Business expansion in United Kingdom, factsheet number 95577, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95577.
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