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 Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
269 jobs Number of planned job creations
Announcement Date
15 January 2009
Employment effect (start)
Foreseen end date
Description
HMV, an entertainment retailer, has announced that it is to open 14 new stores with the creation of 269 jobs. The stores have been purchased from Zavvi, another entertainment retailer, who closed earlier this month. 379 of the company’s 692 stores are in the UK, although it is not known how many of their 11,200 worldwide employees are based in the UK. As of 18 January 2009 HMV has not announced when these new stores will open.
Sources
15 January 2009: Financial Times
Citation
Eurofound (2009), HMV, Business expansion in United Kingdom, factsheet number 67813, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67813.
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.
