"Swedish fashion giant H&M will close 30 shops in Spain and lay off more than 1,000 staff who are currently on furlough due to the pandemic, the company and a union said Tuesday. Hit hard by coronavirus restrictions, H&M said earlier this year it would close 350 of its 5,000 shops worldwide, while opening 100 others in order to adapt to the ""increased digitalisation"" of the retail industry where online sales have soared. The retailer said Tuesday that the redundancy in Spain ""will affect a maximum of 1,100 employees"" and that the closures would be staggered throughout the coming year."
Hiring? Create your free Drafted account
Create you free account to join companies like Better.com and Karat who use Drafted to power their referral hiring.
The Layoff List was created in 2019 and is free for the community. Tips reported are left anonymous unless they explicitly ask to be included as a source. We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations.