Electronics
Media Markt and Saturn continue their cost-cutting course: in the German home market, 13 stores are closing, and 1,000 employees are losing their jobs. The retailer is also cutting some jobs in Belgium, but no Belgian outlets will be closed.
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Food
Heineken is letting go of 8,000 employees, representing around 10 per cent of the entire workforce. After all, the brewing giant still expects little recovery from the Covid crisis in 2021.
Coca-Cola is restructuring due to the coronavirus pandemic. The number of brands and business units is decreasing. The reorganisation will cost 2,200 employees their jobs.
(update) Danone is reorganising, resulting in 1,500 to 2,000 office employees losing their job. The FMCG company is transforming into a 'local first' organisation, with fewer management layers and greater local autonomy.
Fashion
Le Printemps, the famous French chain of department stores, is also a victim of coronavirus. Four branches in France are closing, as are three branches of daughter chain Citadium.
FrieslandCampina is cutting nearly a thousand jobs because of the coronavirus crisis. Employees in the Netherlands, Belgium and Germany are particularly affected.
General
John Lewis will cut 1,500 jobs at his head office. The redundancies are part of a major savings plan to make the British department store chain profitable again.
Ralph Lauren cuts deeply in its costs and workforce: the American fashion label wants to save up to 200 million dollars by laying off 15% of its employees. That would cost some 3,700 people their jobs.
French hypermarket chain Auchan is laying off 1,475 employees as part of a major reorganisation: a change of strategy is now necessary as customers are buying more and more online and less and less in stores.
Benetton is leaving Belgium: the fashion brand is closing its remaining stores (including those in Galeria Inno department stores) and cuts 29 jobs.
Coca-Cola is cutting 4,000 jobs in the United States and Canada, while a similar exercise may be coming in many other countries as well.
Cosmetics
Estée Lauder is yet another victim of the Covid-19 crisis: as consumers buy less cosmetics, the group feels forced to cut 2,000 jobs and close one in six stores.
British department store chain Debenhams is cutting another 2,500 jobs, on top of the already more than 1,500 layoffs this spring. The insolvent retailer is investigating its options for the future.
Burberry is going to cut 500 jobs, 150 of which in its British headquarters. Along with other measures, this should save the luxury brand 60 million euros annually.
Dutch supermarket chain Jumbo is restructuring its restaurant business La Place: 23 restaurants, or more than a quarter of all establishments, are closing due to the corona crisis.
Levi's is cutting 700 jobs in its offices, or about 15% of the workforce. As a result of the corona crisis, turnover of the jeans brand fell by no less than 62% in the past quarter and uncertainty remains.
