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
200 jobs Number of planned job losses
Announcement Date
25 November 2013
Employment effect (start)
1 April 2014
Foreseen end date
Description
Danish retailer Coop, the new owner of the fashion retail brands Cottonfield and Jackpot, is to cut 200 jobs.
As reported, the company plans to close down its 30 shops and operate mainly in the Scandinavian countries. According to media reports, the closure will possibly take place in the first quarter of 2014 and will affect all employees working in the shops and the online retail services.
Cottonfield and Jackpot shops (previously owned by IC Companys) have been operating in Poland since 1991.
Sources
25 November 2013: Gazeta Wyborcza
25 November 2013: Onet.pl
Citation
Eurofound (2013), Cottonfield and Jackpot, Closure in Poland, factsheet number 76275, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76275.
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.
