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
49 - 65 jobs Number of planned job losses
Announcement Date
29 May 2015
Employment effect (start)
Foreseen end date
Description
French men's clothing retailer Celio has announced to cut about 49 positions out of a total workforce of 350 employees at its headquarters in Saint-Ouen, near Paris. In addition to the direct dismissals 16 people will be relocated to other functions. The group, whose turnover reached €1 billion in 2014, attributes the decision to cut the jobs to the need to restore its competitiveness in the face of the sharp competition from discount and on-line retail.
Sources
29 May 2015: L'Expansion-L'Express
31 May 2015: Le Parisien
5 June 2015: Les Echos
Citation
Eurofound (2015), Celio, Internal restructuring in France, factsheet number 83675, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83675.
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.
