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
100 jobs Number of planned job losses
Announcement Date
10 March 2024
Employment effect (start)
11 March 2024
Foreseen end date
Description
VF Corporation, an American multinational specialised in clothing and footwear has announced it will be dismissing approximately 100 employees of its Belgian division. The dismissals will mainly take place within white collar support functions such as IT, HR and administrative personnel. The company management states that the restructuring is part of an effort to streamline the company and make it more efficient.
Local trade union delegations have started talks with the company management (as prescribed in the 'Renault-Law'). According to trade union spokespeople, the willingness to undertake actions is high amongst the personnel.
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.
