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 Household Equipment In Specialised Stores 47.59 - Retail sale of furniture, lighting equipment and other household articles in specialised stores
1,000 jobs Number of planned job creations
Announcement Date
11 June 2021
Employment effect (start)
11 June 2021
Foreseen end date
31 October 2021
Description
As announced on 11 June 2021, the German division of Austrian furniture retailer XXXLutz will be hiring 1,000 new trainee recruits in 2021. XXXLutz is hiring in 15 different departments all over Germany - among others in sales, administration, online retail, storage and restaurant. Over the last decade, XXXLutz has hired thousands of young trainee recruits and intends to continue this strategy despite challenging times caused by COVID-19. Due to the COVID-19 related lockdown, XXXLutz optimised and digitalised many of its courses.
XXXLutz has currently approximately 11,000 employees in Germany.
Sources
11 June 2021: Pressecenter XXXLutz (online) (pr.xxxlutz.de)
Eurofound (2021), XXXLutz, Business expansion in Germany, factsheet number 104970, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/104970.
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.
