EMCC European Monitoring Centre on Change

Woolworths

Company/Organisation:
Woolworths

Geographic Location

Country: United Kingdom
Region: Cornwall and Isles of Scilly; South West
Location of affected unit(s): Redruth

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.1 - Retail sale in non-specialised stores

Employment Effects

Announcement Date: 05-01-2005
Planned Job Reductions min: 133
Planned Job Reductions max: 133
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 05-02-2005

Additional Information

Woolworths announced early in January 2005 that its Big W store at Pool, near Redruth, was to shut with the loss of 133 jobs. The Cornwall superstore officially ceased trading on Friday 4 February 2005. The announcement came after a review by the company of its stores around the country. Some are being closed and others are being reduced in size. There is hope for some former staff as the new site owner Tesco says it wants to employ up 350 people at a store it hopes to open on the site by summer 2005.