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.
Arts / Entertainment Arts, Entertainment And Culture Gambling And Betting Activities 92.00 - Gambling and betting activities
573 jobs Number of planned job losses
Announcement Date
15 July 2020
Employment effect (start)
Foreseen end date
Description
The Buzz Group, the British company which runs 'Buzz Bingo', the UK's largest bingo club chain, has announced plans to permanently close 26 of its 117 clubs across the UK, making 573 jobs redundant.
The company’s chief executive officer said that the COVID-19 pandemic had 'significant impact' on the business and the proposed restructure was necessary to protect its future. All Buzz Bingo clubs have been closed since March, when the lockdown restrictions were introduced in the UK.
In addition to the chain of bingo clubs, the Buzz Group runs online bingo and casino games, and employs 3,400 people (before restructuring).
Eurofound (2020), Buzz Group, Internal restructuring in United Kingdom, factsheet number 101567, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101567.
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.
