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 Via Stalls And Markets Or Other 47.91 - Retail sale via mail order houses or via Internet
889 jobs Number of planned job losses
Announcement Date
18 July 2016
Employment effect (start)
29 July 2016
Foreseen end date
18 September 2016
Description
On 18 July 2016, the German e-commerce company Unister Holding announced to file for insolvency to remain capable of acting after the death of its general manager Thomas Wagner. Unister Holding is an operating company mainly for online travel booking and has around 1,100 employees. Currently, the wages and salaries are secured as the Federal Employment Agency is paying insolvency money for employees.
On 29 July 2016, six subsidiaries of Unister Holding employing a total of 548 employees also filed for insolvency. Altogether, 889 jobs might be threatened by the insolvency. However, the insolvency administrator Prof. Dr. Lucas Flöther recently announced that booking figures are rising again and that there are about 20 potential buyers. The company is confident it will be able to retain as many employees as possible.
Sources
18 August 2016: Unister Holding Press Release
29 July 2016: Unister Holding Press Release
27 July 2016: Handelsblatt
Citation
Eurofound (2016), Unister Holding, Bankruptcy in Germany, factsheet number 88394, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88394.
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.
