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
350 jobs Number of planned job losses
Announcement Date
14 August 2020
Employment effect (start)
Foreseen end date
Description
River Island, the British fashion retailer, has announced plans to cut 350 jobs in its stores across the UK with store management and senior sales roles being affected.
The company's chief executive said these actions were 'crucial' to ensure that River Island stores remained sustainable in the long term with sales and profits falling due to the COVID-19 crisis.
Rivers Island sells clothing and accessories in over 300 stores globally, including the UK, Ireland and mainland Europe as well as in Asia and the Middle East.
Eurofound (2020), River Island, Internal restructuring in United Kingdom, factsheet number 101926, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101926.
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.
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