Type
Internal restructuring
Country
Ireland
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail sale of cultural and recreational goods
47.61 - Retail sale of books

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

Description

Easons, an Irish-owned books retailer, is to cut 150 jobs and put some staff on a four-day week from June 1st 2020. The company is attempting to reduce its costs by 30% in response to the reduction in revenue due to the closure of the shops during the Covid-19 lockdown. The move to online sales now amounts to 80% of the company's revenue but according to the mangement this is not enough to sustain company's costs such as premises rental costs.


Sources

Citation

Eurofound (2020), Easons, Internal restructuring in Ireland, factsheet number 102181, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102181.