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
400 - 420 jobs Number of planned job losses
Announcement Date
25 April 2023
Employment effect (start)
25 April 2023
Foreseen end date
30 June 2024
Description
British fashion retailer Primark, which specialises in low-priced fashion, announced around 420 job cuts by closing its Primark shops in Gelsenkirchen, Krefeld, Frankfurt-Nordwestzentrum and Kaiserslautern.
The company justified the job cuts by citing over-representation in some locations and the resulting lower profitability of the German shops.
The closure of the shops will eliminate about 420 jobs until the middle of 2024. Negotiations with employee representatives have already begun. The company says it wants to make the job cuts as socially acceptable as possible.
Primark is an international clothing company that employs more than 70,000 people in 16 countries in Europe and the USA.
Eurofound (2023), Primark, Internal restructuring in Germany, factsheet number 109164, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/109164.
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