Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Amsterdam
Sector
Wholesale / Retail
Retail trade
Retail sale of other goods, except motor vehicles and motorcycles
47.71 - Retail sale of clothing

150 jobs
Number of planned job losses
Job loss
Announcement Date
17 July 2020
Employment effect (start)
Foreseen end date

Description

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. 


Sources

  • 17 July 2020: Het Financieele Dagblad (fd.nl)

Citation

Eurofound (2020), G-Star, Internal restructuring in Netherlands, factsheet number 101263, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101263.