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 Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
150 jobs Number of planned job losses
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.
Eurofound (2020), G-Star, Internal restructuring in Netherlands, factsheet number 101263, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101263.
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