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 47.75 - Retail sale of cosmetic and toilet articles in specialised stores
113 jobs Number of planned job losses
Announcement Date
21 March 2014
Employment effect (start)
Foreseen end date
Description
Perfume and jewellery retail chain Douglas announced to cut 113 full-time jobs in Germany. Affected are the holding's perfumery and the sales department of its jewellery stores Christ. 59 jobs will be cut at the headquarters in Hagen (Germany). Names of other locations affected were not released. The company did not announce a timeline for the job cuts.
Douglas’s restructuring is attributed to structural changes in the retail industry, increasing e-commerce and changes in customer behaviour.
In total, Douglas employs around 24,000 staff worldwide.
Sources
21 March 2014: Der Westen
Citation
Eurofound (2014), Douglas, Internal restructuring in Germany, factsheet number 76770, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76770.
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