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 In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
1,600 jobs Number of planned job creations
Announcement Date
2 January 2018
Employment effect (start)
1 January 2018
Foreseen end date
31 December 2018
Description
Supermarket chain Co-op has announced major expansion plans for 2018. The retailer is responding to increased competition from the discount sector by opening 100 new stores across the UK in 2018 which will create 1,600 new jobs. In addition around 150 existing shops will be upgraded as part of a total investment of GBP 160 million. The group has said that 18 stores will be opened in Scotland, 10 in Wales and 20 in London. Co-op has concentrated recent development on its smaller local shops, reflecting changes in consumer habits.
Sources
2 January 2018: The Guardian
2 January 2018: Manchester Evening News
2 January 2018: BBC Website
Citation
Eurofound (2018), Co-op, Business expansion in United Kingdom, factsheet number 92940, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92940.
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.
