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 Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale On A Fee Or Contract Basis 46.15 - Agents involved in the sale of furniture, household goods, hardware and ironmongery
1,256 jobs Number of planned job losses
Announcement Date
10 October 2008
Employment effect (start)
1 October 2008
Foreseen end date
7 November 2008
Description
Rosebys, the home furnishings chain, has gone into administration with the loss of 1256 jobs in 201 stores across the UK. The company operated 280 stores nationwide, and had a turnover of around one hundred million GBP per year. Its remaining 77 shops have been sold to Edinburgh Woollen Mill saving 495 jobs.
Administators from KPMG closed the majority of the UK stores throughout October 2008 and the last Rosebys stores were closed in early November. The firm blamed its financial position on the downturn in consumer spending. According to press reports, the company had attempted to refinance but this was not possible in the current financial climate.
Sources
10 October 2008: BBC News
Citation
Eurofound (2008), Rosebys, Closure in United Kingdom, factsheet number 67212, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67212.
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.
