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
180 jobs Number of planned job losses
Announcement Date
30 December 2014
Employment effect (start)
10 January 2015
Foreseen end date
10 January 2015
Description
After the bankruptcy of the Dutch mother company in mid-December 2014 and the German division at the end of December, the Belgian division of the clothing chain Mexx has also declared bankruptcy. Mexx has 9 shops and several points of sale in Belgium. Tough price competition on European retail market is cited as the main reason for the group's troubles. The shops remained open but finally closed in early January 2015 with the loss of 180 jobs.
Sources
30 December 2014: De Redactie
15 January 2015: Trends Tendances.be
Citation
Eurofound (2014), MEXX, Bankruptcy in Belgium, factsheet number 78176, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78176.
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.
