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
490 jobs Number of planned job losses
Announcement Date
28 January 2021
Employment effect (start)
Foreseen end date
Description
There are to be 490 job losses at Irish stores owned by the UK retailer Arcadia whose brands include Topshop, Evans and Miss Selfridge.
Four of Arcadia’s Irish Companies have been in provisional liquidation since November. This follows the UK parent company being place into administration. It was hoped that a buyer for the stores would be found but this has not materialised. In late January, the Mandate trade union confirmed the redundancy of 490 staff following a meeting between its officials and the liquidator, Deloitte.
The Irish workers will receive statutory redundancy, which is set at two weeks’ pay per year of service (subject to a maximum earnings limit of €600 per week), plus one extra week’s pay.
Eurofound (2021), Arcadia, Bankruptcy in Ireland, factsheet number 103374, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/103374.
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