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
100 - 130 jobs Number of planned job losses
Announcement Date
13 January 2025
Employment effect (start)
7 February 2025
Foreseen end date
Description
The e-commerce clothing and accessories retailer Boozt announced that they would effectivise their workforce by using AI-tools across their value chain. These effectivisations have, according to a company press release, paid off, making it possible for the company to streamline operations by dismissing about 10% of their workforce.
The dismissals are set to be implemented in Q1 of 2025. The goal of these workforce reductions is to reach a long-term profitability increase of 10%.
The company is negotiating the precise number of dismissed personnel during the first months of 2025.
Eurofound (2025), Boozt, Internal restructuring in Sweden, factsheet number 202192, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202192.
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