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 47.72 - Retail sale of footwear and leather goods in specialised stores
130 jobs Number of planned job losses
Announcement Date
25 February 2016
Employment effect (start)
25 February 2016
Foreseen end date
Description
Austrian shoe retail group 'Leder & Schuh' has reported 130 dismissals to the Public Employment Service's (AMS) early warning system. The job cuts will affect 65 employees at the company's headquarter in Graz, Styria, and further 65 in stores. The group will concentrate business on two chains, 'Humanic' and 'Shoe4You'; 'Stiefelkönig' and 'Jello' on the other hand will not be continued.
The redundancies are part of a bundle of restructuring measures. A year ago, 65 jobs were cut and only recently, the company has sold part of its stores in Germany. According to management, restructuring has been successful, therefore no further cuts are planned. Currently, Leder & Schuh employs 1,765 people in Austria.
Sources
25 February 2016: Wirtschaftsblatt
25 February 2016: Die Presse (online)
25 February 2016: Der Standard
Citation
Eurofound (2016), Leder & Schuh, Internal restructuring in Austria, factsheet number 86589, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86589.
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.
