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.
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14.1 - Manufacture Of Wearing Apparel, Except Fur Apparel
No information on job gains number available
Announcement Date
12 January 2015
Employment effect (start)
Foreseen end date
Description
Bomboogie is the main clothing brand of apparel group Space 2000 founded by Giancarlo Musso in 1985 in Italy. This brand was established in 1991 and the name Bomboogie comes from a B-17 disappeared during the Second World War. Today Bomboogie production includes total look for man, women and outerwear collection for kid. The group decided to make two kinds of products (t-shirts and pants) under the brand of Bomboogie in Italy as it is no longer suitable to produce them in Bangladesh and China. The main reasons of this movement include wages increased in China, know-how in home country (Italy) and 'made-in' effect. With the middle class is getting richer, it will boast a huge potential in market demand. The group, which entered into the Dragon City more than 25 years ago (now with Space and Bomboogie China), started to open stores (in China) with its most well-known brand Bomboogie. However, it will continue to produce some other products (e.g., heads and vests) in the Far East. "Relying on our business model," Musso says, "we are able to offer customers a high quality product with a fair price, and this was our strength even in the most difficult times." Space 2000 delivers all production activities to the third parties. In the headquarters office in Baldissero Canavese, Turin (Italy), there are about 100 employees and some departments including ironing and logistics.
Eurofound (2015), Bomboogie, Reshoring in Italy, factsheet number 103, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/103.
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.
