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 Household Equipment In Specialised Stores 47.5 - Retail sale of other household equipment in specialised stores
500 jobs Number of planned job losses
Announcement Date
24 September 2005
Employment effect (start)
Foreseen end date
Description
The recession in the furniture sector has claimed its fourth major victim in 12 months. Furnitureland Holdings, which owns the chain, was forced to call in administrators after an 11th-hour rescue attempt failed to stave off a cash crunch. The collapse of the sofa-to-bed retailer puts 500 jobs, including 40 head office positions, at risk. It owed suppliers about £11m and has more than 20,000 outstanding customer orders.
Sources
24 September 2005: Independent
Citation
Eurofound (2005), Furnitureland, Closure in United Kingdom, factsheet number 62313, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62313.
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.
