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 Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Of Household Goods 46.42 - Wholesale Of Clothing And Footwear
130 - 150 jobs Number of planned job losses
Announcement Date
2 October 2024
Employment effect (start)
5 October 2024
Foreseen end date
Description
Bayard, a French ready-to-wear clothing company, is closing its doors, impacting a workforce of approximately 130 to 150 employees across France.
The decision to close all 56 remaining shops as of October 5 is in response to a significant decline in sales, which dropped from €22 million to €18 million, further exacerbated by the ongoing effects of the COVID-19 pandemic.
Having been in receivership for a year without securing a buyer, the company has now been declared bankrupt. This closure will notably affect workers in Quetigny (Côte-d'Or), where the company’s headquarters are located.
Eurofound (2024), Bayard, Bankruptcy in France, factsheet number 201710, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201710.
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.
