Restructuring events
European Restructuring Monitor (ERM)
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.
Dutch clothing company G-Star announced 150 job cuts in the Netherlands as part of a larger reorganisation cutting 10% of 2,100 jobs worldwide. As a result of the COVID-19 crisis, sales have shifted from stores to online shopping. The shift to online sales requires the company to restructure into a more digitally-oriented organisation. Jobs in stores as well as at the headquarters will be affected by the reorganisation. G-Star is one of the largest fashion brands in the Netherlands and is best known for its jeans.
Eurofound (2020), G-Star, Internal restructuring in Netherlands, factsheet number 101263, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101263.