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
752 jobs Number of planned job losses
Announcement Date
17 March 2010
Employment effect (start)
17 March 2010
Foreseen end date
31 March 2010
Description
Ethel Austin and sister chain Au Natural are to cut another 752 staff nationwide, with the announcement by its administrators MCR that a further 81 stores will shut by the end of March. The news follows an announcement last month that 124 stores would close. 696 jobs will be lost directly from stores whilst another 56 losses will be at the company's head office in Knowsley, Merseyside. The company went into administration for the second time earlier this year and MCR claim this next round of cuts is due to failure to find a buyer, and to enable trade to continue in the meantime. No details were given on the number currently employed by the company.
Sources
17 March 2010: BBC Website
Citation
Eurofound (2010), Ethel Austin and Au Naturale, Bankruptcy in United Kingdom, factsheet number 70309, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70309.
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.
