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 47.52 - Retail sale of hardware, paints and glass in specialised stores
789 jobs Number of planned job losses
Announcement Date
20 March 2019
Employment effect (start)
1 April 2019
Foreseen end date
1 November 2020
Description
The British DIY store group Kingfisher has announced the closure of 11 stores in France by November 2020, considering their profitability insufficient. Nine Castorama stores and two Brico Dépôt stores are covered by this plan in France (several store closures are also announced in Europe). 'These stores have experienced a steady decline in customer traffic, despite revitalisation initiatives, and their projections remain negative,' Kingfisher said in a release. In total, these 11 closures concern 789 employees, who will be offered a similar position within these two companies in France. However, employees who refuse transfers may be dismissed. Trade union FO at Castorama opposes this decision saying that workers cannot be forced to move at will. The Castorama stores concerned by the closures are located in Lille, Paris and the Paris region (Seine-et-Marne, Val-d'Oise, Essonne), as well as in Darnetal (Seine-Maritime) and Angers (Maine-et-Loire).
Eurofound (2019), Castorama France, Internal restructuring in France, factsheet number 97419, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97419.
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