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 Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale On A Fee Or Contract Basis 46.16 - Agents involved in the sale of textiles, clothing, fur, footwear and leather goods
130 - 150 jobs Number of planned job losses
Announcement Date
29 April 2019
Employment effect (start)
1 May 2019
Foreseen end date
30 June 2019
Description
The Danish auction house Kopenhagen Fur announced on 29 April 2019 that between 130 and 150 employees will be dismissed in the near future. The CEO announced that the company will, before the summer, modify the setup of the company to the reduction in the amount of skin which has been expected this year and next year. The redundancies are a consequence of the demand's fall.
Kopenhagen Fur is a joint owned auction house for the industry that sells skin and fur. According to the owner, despite redundancies and cuts, Kopenhagen Fur is still the largest company in the global fur industry.
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.
