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
200 jobs Number of planned job losses
Announcement Date
19 June 2024
Employment effect (start)
19 June 2024
Foreseen end date
Description
German mattress retailer Emma has announced that it will cut 200 jobs worldwide.
The company has revealed that the cuts will affect 80 positions in Germany and 120 at its other offices worldwide.
The restructuring programme is due to less favourable market conditions than expected. The company reveals that it does not expect growth in 2024 and has adjusted its business expansion plans as global economic conditions have hit both the online and home sector.
Founded in 2013, Emma employs 1,120 people worldwide. The company sells its products in 30 countries worldwide and has offices in Germany, Romania, Portugal, Mexico and China.
Eurofound (2024), Emma, Internal restructuring in World, factsheet number 201403, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201403.
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.
