EMCC European Monitoring Centre on Change

Laurus Belgium

Laurus Belgium

Geographic Location

Country: Belgium


Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.1 - Retail sale in non-specialised stores
Number Employed: 2700
Group: Laurus / Echo

Employment Effects

Announcement Date: 03-09-2002
Planned Job Reductions min: 180
Planned Job Reductions max: 688
Type of Restructuring: Internal restructuring
Foreseen End Date: 01-10-2002

Additional Information

Restructuring plan aims to save the mother house in the Netherlands. 32 stores of the chain were yielded to the group Colruyt. 20 other points of sale were yielded to the group Carrefour. The denomination of the company is changed into Spar Belgium SA.