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 Household Equipment In Specialised Stores 47.51 - Retail sale of textiles in specialised stores
261 jobs Number of planned job losses
Announcement Date
10 September 2018
Employment effect (start)
1 October 2018
Foreseen end date
31 December 2021
Description
The British fashion retailer New Look has announced a plan to close 21 of its 29 stores in France and make 261 redundancies out of a total headcount of 400. The company will keep only a few large store in the Parisian region. The dismissals are scheduled from October 2018 to November 2021. Two stores were closed on 15 September (Calais) and 19 September (Rouen). The employees were informed only a few days before the closure. Employees are very upset to have been informed lately and abruptly. In March, New Look confirmed plans in UK to close 60 of its 593 stores and make 980 redundancies out of a total workforce of 15,300, as part of a rescue package to keep the business operational.
Sources
Citation
Eurofound (2018), New Look France, Internal restructuring in France, factsheet number 95476, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95476.
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