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 47.75 - Retail sale of cosmetic and toilet articles in specialised stores
2,500 jobs Number of planned job losses
Announcement Date
28 January 2021
Employment effect (start)
28 January 2021
Foreseen end date
31 August 2022
Description
Germany-based perfume and cosmetics retailer Douglas has announced that it will cut 2,500 jobs in Europe, mainly in southern Europe and Germany, by autumn 2022. So far, the company announced cuts in France (350 jobs), Germany and Spain (600 jobs). The conditions of the programme will be negotiated with employees’ representatives according to local regulations.
Under the restructuring programme, the chain is to close about 500 out of 2,400 stores in Europe and focus on its e-commerce division, which has generated growing profits during the COVID-19 pandemic; Douglas reported sales of €1 billion via its e-commerce platform in 2020.
Douglas was founded in 1821 in Germany and, currently, the retailer operates in 21 countries.
Eurofound (2021), Douglas, Internal restructuring in European Union, factsheet number 103595, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/103595.
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