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
370 jobs Number of planned job losses
Announcement Date
26 August 2024
Employment effect (start)
26 August 2024
Foreseen end date
31 December 2024
Description
The Belgian shoe retailer Bristol has filed for bankruptcy for its Dutch subsidiary, resulting in the closure of 80 stores and the loss of approximately 370 jobs in the Netherlands, affecting all its retail employees across the country.
Following years of economic challenges, including the impact of COVID-19, rising energy costs, increased minimum wages, and higher rents, Bristol's Dutch operations filed for bankruptcy after a liquidation sale failed to generate sufficient revenue to cover costs and no buyer could be secured.
Eurofound (2024), Bristol, Bankruptcy in Netherlands, factsheet number 201523, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201523.
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.
