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
140 jobs Number of planned job losses
Announcement Date
10 January 2013
Employment effect (start)
Foreseen end date
Description
Clothing retail group Etam announced that it will cut 140 jobs in the Netherlands, out of a total of 2,500.
Forty jobs will be cut at the head office in Zoetermeer, while the remaining 100 will be lost at individual branches. It is reported that the background for the restructuring are financial losses due to changing market conditions.
As of yet, there is no timeline for the restructuring as the company is currently in consultation with the unions.
Sources
11 January 2013: Het Financieele Dagblad
Citation
Eurofound (2013), Etam, Internal restructuring in Netherlands, factsheet number 74779, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74779.
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