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
80 - 123 jobs Number of planned job losses
Announcement Date
29 June 2020
Employment effect (start)
29 June 2020
Foreseen end date
Description
After tough negotiations with the union GPA-djp, textile retailer Huber finally settled on 80 job cuts. Initially, the company planned to cut 123 positions. The retailer is currently undergoing a restructuring procedure, as it has faced insolvency. In May 2020, the company could not pay out the monthly salaries, one of the measures put in place to support employees was to provide receive debt advice services.
Huber runs 63 stores all over Austria. At the moment, it is unclear how many of them will be shut down.
The Huber Holding AG is fully owned by the Chinese Benger Brands. Huber has a total of 900 employees worldwide, 450 of them in Austria.
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.
