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.
North East; Northumberland and Tyne and Wear; Tyneside
Location of affected unit(s)
North Shields
Sector
Manufacturing Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31.0 - Manufacture of furniture
122 jobs Number of planned job losses
Announcement Date
3 May 2017
Employment effect (start)
Foreseen end date
Description
North East based furniture manufacturer Hobart Rose has announced that it had to close, following the loss of a key contract. The business owners were unable to raise alternative funding in order to keep the business running. The brand which was owned by Fuda International Trading Company supplied furniture to major high street names including Next and John Lewis as well as operating an outlet shop. As a result of the decision to cease trading, the entire workforce of 122 has been made redundant with immediate effect.
Sources
3 May 2017: Chronicle Live
4 May 2017: Insider Media
Citation
Eurofound (2017), Hobart Rose, Closure in United Kingdom, factsheet number 90984, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90984.
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.
