EMCC European Monitoring Centre on Change

Tengelmann

Company/Organisation:
Tengelmann

Geographic Location

Country: Germany

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47 - Retail trade, except of motor vehicles and motorcycles

Employment Effects

Announcement Date: 03-11-2005
Type of Restructuring: Business expansion
Employment Effect Start: 01-01-2006
Foreseen End Date: 31-12-2006
Planned Job Creation: 5000

Additional Information

The Tengelmann-group, a retailer of food (Plus and Tengelmann), textiles (Kik) and do-it-yourself-products (OBI), wants to grow strongly in 2006 and create up to 5,000 new jobs, thereby investing € 422 billion. The company has been growing healthily in the recent past.