Restructuring events
European Restructuring Monitor (ERM)
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.
Perfume and jewellery retail chain Douglas announced to cut 113 full-time jobs in Germany. Affected are the holding's perfumery and the sales department of its jewellery stores Christ. 59 jobs will be cut at the headquarters in Hagen (Germany). Names of other locations affected were not released. The company did not announce a timeline for the job cuts.
Douglas’s restructuring is attributed to structural changes in the retail industry, increasing e-commerce and changes in customer behaviour.
In total, Douglas employs around 24,000 staff worldwide.
Eurofound (2014), Douglas, Internal restructuring in Germany, factsheet number 76770, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76770.