Company/Organisation:
Debenhams
Geographic Location
Country:
Ireland
Company
Sector:
Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.7 - Retail sale of other goods in specialised stores
Employment Effects
Announcement Date:
09-04-2020
Planned Job Reductions min:
1000
Planned Job Reductions max:
1500
Type of Restructuring:
Bankruptcy
Direct Dismissals:
1000
Additional Information
Debenhams a department store retailer, announced the permanent closure of all its 11 Irish stores, affecting 1,000 employees, who were in temporarily lay-off status, and 500 indirect jobs. The company is going into liquidation after suffering financial uncertainty for the past year due to customers shifting to online shopping; the COVID-19 pandemic has pushed the decision to close the stores in Ireland while 142 stores in the UK have also been put under administration.
The Mandate Union commented that although workers knew the company situation was difficult the announcement came as a surprise. The union will seek to maintain the stores open and to explore possibilities of rent reductions for the store locations.
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