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
130 jobs Number of planned job losses
Announcement Date
14 June 2019
Employment effect (start)
14 June 2019
Foreseen end date
14 June 2019
Description
The Yorkshire Linen Company has ceased trading with the immediate loss of all 130 jobs. The business which sold towels, bedding and curtains from 19 shops based in the north of England, had been subject to a company voluntary arrangement (CVA) four months previously which had resulted in the closure of eight stores. It had been hoped that the CVA would allow the business to continue. Despite this action the administrators confirmed that it had not been possible to turn around the firm's fortunes.
Eurofound (2019), Yorkshire Linen Company, Bankruptcy in United Kingdom, factsheet number 97987, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97987.
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.
