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
935 jobs Number of planned job losses
Announcement Date
11 August 2016
Employment effect (start)
12 August 2016
Foreseen end date
Description
The Dutch clothing retailer MS Mode has filed for bankruptcy, and its 935 employees in its 130 stores across the Netherlands and the international head office in Diemen (West Netherlands) will become unemployed. The bankruptcy follows several years of careful growth since 2011, but disappointing sales during the last winter with soft weather proved too much. Talks with potential buyers have been underway for a while, but there are no indications as of yet that they have succeeded. Outside of the Netherlands, MS Mode has an additional 270 stores in Belgium, Luxembourg, Germany, France and Spain. The roughly 1350 employees outside of the Netherlands remain, as of yet, unaffected.
Sources
11 August 2016: De Financiële Telegraaf
11 August 2016: fd.nl
5 August 2016: fd.nl
Citation
Eurofound (2016), MS Mode, Bankruptcy in Netherlands, factsheet number 88370, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88370.
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.
