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
202 jobs Number of planned job losses
Announcement Date
5 February 2024
Employment effect (start)
6 May 2024
Foreseen end date
31 December 2024
Description
Ready-to-wear retailer IKKS is in difficulty and plans to cut jobs and close shops in response to a 'complex economic situation'. A job protection plan (PSE) has been presented to staff representatives. This plan could affect up to 202 employees in France (out of a total workforce of 1,328) and provides for the closure of 77 shops and corners (out of 604 outlets).
According to management, the aim of the redundancy plan is to enable IKKS to return to a sustainable economic equilibrium and ensure its long-term future. The unions have expressed their concern and incomprehension about this plan. Negotiations will begin in the coming weeks to find solutions for the employees threatened.
A former reorganisation has been recorded in the ERM Database, with 150 job creations in 2017 IKKS-2017-FR.
Eurofound (2024), IKKS, Internal restructuring in France, factsheet number 200798, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200798.
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