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 Via Stalls And Markets Or Other 47.91 - Retail sale via mail order houses or via Internet
100 jobs Number of planned job losses
Announcement Date
26 July 2016
Employment effect (start)
26 July 2016
Foreseen end date
31 August 2016
Description
On 26 July 2016, fashion retailer Steilmann announced to cut 100 jobs at its affiliate fashion stores Boecker by 31 August 2016. Job cuts affect 5 out of the 12 Boecker fashion stores in Germany. The company announced its insolvency on 23 March 2016. The insolvency administrator since informed that 3 fashion stores will be taken over by U&F Moden and 4 stores by Crossover company. The fact that 4 out of 7 fashion stores will be taken over will save 230 out of 330 jobs, amounting to 70% fo total employment.
Sources
26 July 2016: WirtschaftsWoche
26 July 2016: finanznachrichten.de
Citation
Eurofound (2016), Boecker, Closure in Germany, factsheet number 88290, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88290.
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.
