Fashion
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.
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Food
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.
General
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.
Danish retailer Bestseller is laying off 750 people, Swedish giant H&M fears it will have to cut tens of thousands of jobs due to the coronavirus crisis.
Amazon has let go several employees with immediate effect, because of their unauthorised sharing of customer data with a third party.
Changes in shopping behaviour in its customers force British market leader Tesco to cut 4,500 jobs in 153 proximity stores that carry the Tesco Metro banner. The size of these stores is somewhere in between that of hypermarkets and that of Express stores.
French fashion house Sonia Rykiel is bankrupt. Now that the search for an acquirer has failed, the 1968 fashion brand is left with 30 million euros of loss and declining sales.
Roberto Cavalli is about to close all of its stores in the United States. The Italian fashion brand is circling the drain and has decided to dispose of its American activities in an effort to stay afloat.
Carrefour wants to cut 1500 more jobs in France. The affected will mostly be employees in hypermarkets. The supermarket group is hoping to reach a mutual agreement on the cuts.
Electronics
French electronics and books chain Fnac has announced a restructuring in Belgium that will cost 57 people their job (12 % of the work force), as turnover continues to slide.
