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
349 jobs Number of planned job losses
Announcement Date
21 May 2021
Employment effect (start)
Foreseen end date
Description
H&M, the Swedish multinational clothing retailer, announced an employment adjustment plan that would initially affect 1066 workers in Spain by closing 30 shops. After a month of negotiations, protests and strikes, the company and the unions have reached a pre-agreement to reduce the number of people affected to 349 (almost 70% less).
The agreement establishes that the dismissals will be voluntary and a compensation of 45 days per year worked for those with a contract prior to 2012 (when the labour reform came into force), and 33 days for employees with contracts after 2012. The pre-agreement also establishes a reduction in working hours (not exceeding 20%) for 170 employees for 24 months.
The trade unions CCOO and UGT value positively the pre-agreement reached, which improves the conditions of dismissal and reduces the number of people affected.
Eurofound (2021), H&M, Internal restructuring in Spain, factsheet number 104963, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/104963.
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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