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
10 October 2024
Employment effect (start)
5 December 2024
Foreseen end date
Description
Indoor Group has initiated cooperation negotiations with the plan to cut 200 positions in its furniture retail functions. Around 635 employees are within the scope of the collective consultation process. The number and allocation of possible temporary lay-offs and redundancies will be specified during the negotiations.
Indoor Group aims for a profit improvement of at least EUR 10millon by the end of 2026. Through the redundancies, the company aims to keep as many stores open as possible and open new stores.
Indoor Group is part of Finnish conglomerate KH Group. In Finland, Indoor Group employs over 700 persons.
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.
