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 Of Household Goods 46.42 - Wholesale of clothing and footwear
100 jobs Number of planned job losses
Announcement Date
4 September 2015
Employment effect (start)
Foreseen end date
Description
In 2014, the shoe shop chain Scapino was taken over by the Dutch retail group Macintosh, resold to DFM Paritipaties and renamed "Fashion Market". The objective was the creation of a chain of discount clothing shops for women, men and children. However, after only one year, the company has gone bankrupt faced with large debts on taxes, social contributions and rent. Until recently, some 140 employees were working for Fashion Market. Some 40 of them have already found another job and left the company before bankruptcy.
Sources
5 September 2015: De Tijd
Citation
Eurofound (2015), Fashion Market, Bankruptcy in Belgium, factsheet number 84726, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84726.
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.
