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
100 jobs Number of planned job losses
Announcement Date
4 February 2016
Employment effect (start)
Foreseen end date
Description
On 18 January 2016, the American clothes store chain Forever 21 started a collective dismissal procedure for its 100 employees. The company's only Belgian store, located in Antwerp, was large-scale and not profitable. Although the chain is very popular in other countries, it was not successful at differentiating itself from other chains such as Zara, H&M and Primark. Currently, the trade unions and management are negotiating the conditions of closure.
Sources
4 February 2016: De Standaard
5 February 2016: De Tijd
4 February 2016: Gazet van Antwerpen
Citation
Eurofound (2016), Forever 21, Closure in Belgium, factsheet number 86530, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86530.
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