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.
Yorkshire and the Humber; South Yorkshire; Sheffield
Location of affected unit(s)
Sheffield
Sector
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.19 - Other retail sale in non-specialised stores
130 jobs Number of planned job losses
Announcement Date
11 January 2008
Employment effect (start)
Foreseen end date
Description
The Co-operative Group, the world’s largest consumer co-operative, has announced that it is to close three of its department stores in Sheffield with the loss of 130 jobs. The company attributes the decision to close the stores to increased competition.
The Co-operative group has a turnover of £9.4bn, 4.5 million members and 87,500 employees. It operates over 4,500 trading outlets throughout the UK, including department stores, food stores, pharmacies, travel branches and funeral homes.
Sources
11 January 2008: BBC Website
Citation
Eurofound (2008), The Co-operative, Closure in United Kingdom, factsheet number 66185, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66185.
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.
