Restructuring events
European Restructuring Monitor (ERM)
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.
Fashion retailer Penneys, part of the Primark brand, is to create 700 new jobs over the next three years. Currently, Penneys employs 5,000 staff in Ireland. The company is to invest €250 million into its store network: existing stores are to be expanded and some new stores are to be created all over the country. Its total retail space is expected to be increased by 20% over the next decade.
Most of the new jobs (600) will be based in stores, including full and part-time retail assistants, trainee managers and department managers. The remaining 100 positions will be in Primark’s global headquarters in Dublin. These roles will be in technology, buying and merchandising, design, sustainability, store development, finance, and HR.
Penneys is one of Ireland’s best-known retailers. Globally, Primark has around 399 stores and 70,000 staff.
Eurofound (2021), Penneys, Business expansion in Ireland, factsheet number 105772, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/105772.
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