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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
390 jobs Number of planned job losses
Announcement Date
16 July 2020
Employment effect (start)
Foreseen end date
Description
White Stuff, the British fashion retailer has cut 390 jobs, including 100 jobs in its head office and 290 jobs from its shops across the UK.
The company’s chief executive said that, due to the COVID-19 crisis, the company had accelerated an existing restructuring plan to a ‘more agile operating model’ for the company.
White Stuff was founded in 1985, when its owners started designing and selling T-shirts from mobile stalls and has grown to become a chain of 120 shops that is present in many British high streets and employs 1,100 people.
Eurofound (2020), White Stuff, Internal restructuring in United Kingdom, factsheet number 101529, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101529.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
