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
249 jobs Number of planned job losses
Announcement Date
28 April 2011
Employment effect (start)
1 June 2011
Foreseen end date
31 December 2011
Description
French distance clothes retailer 3 Suisses International is to eliminate 249 jobs by the end of 2011. Some 149 job cuts will be implemented through direct dismissals and will result from the closure of 35 shops in France. The company has also announced a voluntary redundancy scheme open to 100 employees in the sales and marketing departments.
In February 2009, the company had already laid off 674 workers due to a decrease of mail orders and increase of online sales which needs less employees and investments.
3 Suisses International operates in 16 countries and employs around 8,500 people worldwide.
Eurofound (2011), 3 Suisses International, Internal restructuring in France, factsheet number 71904, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71904.
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.
