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.
Wholesale / Retail 47 - Retail trade 47.7 - Retail sale of other goods, except motor vehicles and motorcycles 47.71 - Retail sale of clothing
7,000 jobs Number of planned job creations
Announcement Date
29 January 2009
Employment effect (start)
1 March 2009
Foreseen end date
31 December 2009
Description
In January 2009, H&M, one of the world largest clothing retailers, announced that it is to create 7,000 new jobs worldwide by the end of 2009. H&M operates in 33 countries and has 73,000 employees worldwide.
Sources
30 January 2009: Il Sole 24 Ore
29 January 2009: BBC
Citation
Eurofound (2009), H&M, Business expansion in World, factsheet number 68193, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68193.