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.
Clarks, the British shoe manufacturer and retailer, has announced, that in the first phase of its new major restructuring programme, 108 jobs will be cut at the company’s headquarters in Street, Somerset, in the south-west of England.
According to a statement by the company, a further 700 jobs will be cut and 200 new jobs will be created in the next 18 months, however, it is unclear in which parts of the global business these changes will take place. The company stated that the plans were not related to the effect of the Covid-19 crisis, rather they had emerged from a business review.
The company has also announced that a small number of its 350 UK shops will not reopen in June 2020, however, no further information is available about the locations of these shops and the number of employees affected by the closures.
Clarks is a ‘heritage brand’, which was founded almost 200 years ago. It is most famous about its children shoes and 'desert boots' and currently employs almost 10,000 people in over 75 countries.
Eurofound (2020), Clarks, Internal restructuring in United Kingdom, factsheet number 101097, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101097.
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