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 Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Trade, Except Of Motor Vehicles And Motorcycles 46 - Wholesale trade, except of motor vehicles and motorcycles
1,080 jobs Number of planned job losses
Announcement Date
22 October 2010
Employment effect (start)
22 October 2010
Foreseen end date
30 June 2011
Description
On the 22 October 2010, the Merkur Group announced a mass redundancy plan affecting 1,080 jobs out of total workforce of 4,800. The Merkur Group is wholesaler and retailer of technical products for domestic and industrial applications. It is the Slovenian market leader in sales of home products and DIY, electro-installation materials, apparatuses and appliances, machinery and tools, ferrous and non-ferrous metal products, and industrial items for professional use. The company is headquartered in Kranj in the Gorenjska region with shopping centres and shops all around Slovenia and in South Eastern European countries. Merkur has had finincial troubles due to reduced orders as a result of the economic downturn and also increased debts which are a result of the management buy-out.
Sources
22 October 2010: Finance
22 October 2010: Delo
Citation
Eurofound (2010), Merkur Group, Internal restructuring in Slovenia, factsheet number 71226, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71226.
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.
