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
140 jobs Number of planned job losses
Announcement Date
5 November 2024
Employment effect (start)
1 May 2025
Foreseen end date
31 August 2025
Description
The clothing retail company H&M is starting trade union negotiations concerning 140 of its 330 employees at a warehouse in Eskilstuna. Behind the internal restructuring is a need for organisational changes caused by an expansion of the warehouse and increased automation, according to a company representative.
The trade union negotiations will start in December 2024.
In February 2023, H&M Business Tech announced a cut of 1,500 employees in their IT-department H&M 2023 - SE. In the same year, trade union negotiations resulted in reductions of working time for 650 employees in Sweden. In October 2022, the company had announced 400 dismissals of shop employees H&M 2022 - SE.
H&M is a Swedish multinational clothing company in the sector of fast-fashion clothing for men, women, teenagers, and children. In 2023, the company employed around 101,000 people globally. In Sweden, H&M had 10,281 employees in 2023.
Eurofound (2024), H&M, Internal restructuring in Sweden, factsheet number 201899, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201899.
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