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
162 - 221 jobs Number of planned job losses
Announcement Date
27 November 2014
Employment effect (start)
1 January 2015
Foreseen end date
30 June 2015
Description
Groupe Zannier, a clothing retailer specialised in children's fashion, has announced a restructuring plan envisaging 162 job cuts and 59 offers to modify employment contracts. In detail, the job cuts refer to 41 retail jobs and 121 jobs at its support and logistics services units. As reported, the job reduction measure is due to increased competition and a decrease of demand for children's clothes. The group has offices in Paris and in Saint-Chamont (Loire) and 802 shops in France.
Sources
28 November 2014: Le Figaro
Citation
Eurofound (2014), Groupe Zannier, Internal restructuring in France, factsheet number 77940, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77940.
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