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 47.7 - Retail Sale Of Other Goods In Specialised Stores
150 jobs Number of planned job losses
Announcement Date
17 November 2023
Employment effect (start)
17 November 2023
Foreseen end date
Description
On 17 November 2023, different newspapers reported that German DIY market store chain Obi will cut another 150 jobs in its administration departments in Cologne and Wermelskirchen, North-Rhine Westphalia.
The company wants to offer voluntary leaves and does not want to resort to forced dismissals. The job cuts are part of a new business strategy that seeks to optimise internal structure and generate more business.
Obi employs around 3,000 staff members in Germany. Already in 2022, 150 jobs were cut in administrative and logistic departments (Obi-2022-DE).
Eurofound (2023), Obi, Internal restructuring in Germany, factsheet number 200564, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200564.
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.
