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
59 jobs Number of planned job losses
Announcement Date
10 September 2024
Employment effect (start)
10 September 2024
Foreseen end date
Description
The Hessian eco fashion retailer Hess Natur-Textilien, based in Butzbach, is cutting 59 jobs due to internal restructuring.
The company cites declining sales due to the impact of the Russian war against Ukraine, the related energy crisis, and high inflation as reasons for the job cuts. Moreover, environmental and climate protection would be less important for many consumers than they were a few years ago, according to Hess Natur.
The company employs 340 people. Half of the 59 positions are to be cut through compulsory redundancies. The majority of them could move to a transition company. In 2021, the company had a turnover of 100 million euros.
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.
