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 Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale On A Fee Or Contract Basis 46.15 - Agents involved in the sale of furniture, household goods, hardware and ironmongery
290 jobs Number of planned job losses
Announcement Date
21 December 2018
Employment effect (start)
1 January 2019
Foreseen end date
31 March 2019
Description
The German wholesaler Krieger Handel, owner of the furniture retailer Finke since 1 November 2018, decided to close the Paderborn-based furniture store while renovating another one in Kassel and keeping two other stores. The closure was planned for June 2019 but was accelerated and anticipated to 31 March because a considerable number of workers have already quit their jobs after the announcement of the closure. Background is the favourable job market situation in the region of Paderborn.
The negotiations of a social plan with the works council ended on 23 December; the social plan entails that those workers who stay until 31 March will receive their wages until 31 June. The closure will affect some 300 workers in total; the majority of the current 280 workers will loose their jobs by 31 March, administrative staff will continue working until the end of 2019.
Sources
Citation
Eurofound (2018), Finke, Closure in Germany, factsheet number 96311, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96311.
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.
