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
1,000 jobs Number of planned job losses
Announcement Date
30 June 2021
Employment effect (start)
31 August 2021
Foreseen end date
30 September 2021
Description
The American clothing chain Gap announced that it will cut over 1,000 jobs in the UK and Ireland. The restructuring programme is part of a strategic review announced by the company in October 2020, and it is related to the COVID-19 pandemic.
Under the restructuring programme, the chain is to close all 81 shops in the UK and Ireland between late August and the end of September 2021. Gap reveals that it will continue to operate is online business in the countries.
Additionally, the company is to sell its stores in Italy and France which are expected to be run by franchise operators. Founded in 1969, Gap is an American worldwide clothing and accessories retailer.
Eurofound (2021), Gap, Closure in World, factsheet number 105010, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105010.
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.
