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.
Cherbourg, Caen, Bordeaux, Bayonne, Pau, Tarbes, La Rochelle, La Roche-sur-Yon, Lyon, Ecully, Val Thoiry, Toulouse, Paris, Mantes, Melun, Rouen, Orléans, Marseille, Martigues, Dijon
Sector
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Of Household Goods 46.42 - Wholesale Of Clothing And Footwear
239 jobs Number of planned job losses
Announcement Date
18 January 2024
Employment effect (start)
18 April 2024
Foreseen end date
1 January 2027
Description
The French women’s ready-to-wear retailer Pimkie has announced an additional 239 job cuts, including 42 positions at their head office. This move is part of an ongoing restructuring effort that follows the previous 2023 restructuring plan, which led to 257 job cuts but failed to deliver the expected results Pimkie 2023 - FR. The company was officially placed under bankruptcy proceedings on May 27, 2023, after struggling to recover from the impact of the COVID-19 pandemic. As a result, Pimkie will close 97 of the 302 stores it operated in 2023. Additionally, fourteen other stores, including two initially marked for closure in the first plan, will be converted under the Miniso brand.
In 2009, Pimkie also recorded 190 job cuts as part of a previous restructuring plan Pimkie 2009 - FR.
Eurofound (2024), Pimkie , Closure in France, factsheet number 201756, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201756.
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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.
