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
104 jobs Number of planned job losses
Announcement Date
15 October 2020
Employment effect (start)
Foreseen end date
Description
Fashion retailer Pamela Scott announced it will close half of its stores resulting in the possible loss of 104 jobs. The company said the restructuring is due to changes in retail trading, largely as a result of COVID-19. It is hoped that 90 jobs will be saved as a result of the restructuring.
The managing director of Pamela Scott said that Covid-19 impacted the fashion chain's turnover by between 40-70%, resulting in the decision to close 12 of its 24 stores.
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.
