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 47.72 - Retail sale of footwear and leather goods in specialised stores
100 jobs Number of planned job losses
Announcement Date
23 February 2023
Employment effect (start)
27 February 2023
Foreseen end date
31 March 2023
Description
The Commercial Court of Annecy has pronounced the judicial liquidation of Solemma, owner of the Salamander and Reborn shoe brands, leading to the dismissal of its 100 employees.
The company had been placed in receivership since 26 September 2022 and 19 shops will be closed in France.
A year ago, two buyers bought the Salamander subsidiary for the French and Belgian markets, which was threatened with closure. One of them mentioned a temporary cash flow problem and said he was shocked by the brutality of the court's decision.
The objective of Salamander's buyers was to transform the company into "Reborn", a new multi-brand shoe concept store, also offering its own brand and services based on social and environmental responsibility. A first shop was opened in Strasbourg.
Eurofound (2023), Solemma, Bankruptcy in France, factsheet number 108720, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108720.
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.
