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 47.75 - Retail sale of cosmetic and toilet articles in specialised stores
400 jobs Number of planned job losses
Announcement Date
1 March 2017
Employment effect (start)
Foreseen end date
Description
High Street chemist Boots has announced that it plans to close around two-thirds of its in-store photo processing labs putting 400 jobs at risk. According to a company statement, the decision to close 220 of the 320 labs is a response to changing customer demand and competition from online services. A consultation has already started with affected employees and it is being reported that this is expected to conclude by the summer. Boots has confirmed that it intends to look at options for redeployment of staff, but it expects that redundancies will be necessary.
Sources
1 March 2017: The Independent
Citation
Eurofound (2017), Boots, Internal restructuring in United Kingdom, factsheet number 90469, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90469.
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.
