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 In Non-Specialised Stores 47.1 - Retail sale in non-specialised stores
468 jobs Number of planned job losses
Announcement Date
31 January 2018
Employment effect (start)
Foreseen end date
Description
Marks & Spencer has announced plans to close 14 of its struggling stores in a move which will result in the loss of 468 jobs. The retailer has said that six of the fourteen stores will close in April 2018, with the remainder set for closure by the end of 2018. Consultation over the proposed closures is understood to be underway. The retailer has stated that it will try to offer redeployment to other sites wherever possible in order to avoid redundancies.
Sources
31 January 2018: The Telegraph
7 February 2018: The Sun
Citation
Eurofound (2018), Marks & Spencer, Internal restructuring in United Kingdom, factsheet number 93274, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93274.
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.
