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
300 jobs Number of planned job losses
Announcement Date
25 March 2021
Employment effect (start)
Foreseen end date
Description
Adolfo Domínguez, the Spanish fashion designer and retailer company, has announced a collective dismissal plan. This adjustment will affect 300 employees (30% of its workforce in Spain) at headquarters and in the commercial network.
The management explains that the company has had losses since 2011, a situation exacerbated by the COVID-19 crisis, determining €8.3 million euros of losses in the financial year 2019-2020. Thus, this measure is part of a transformation plan to adapt the company to the digital context of the sector – for example, with the acceleration of the e-commerce.
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.
