EMCC European Monitoring Centre on Change



Geographic Location

Country: World


Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.71 - Retail sale of clothing in specialised stores
Number Employed: 73000
Group: H&M

Employment Effects

Announcement Date: 29-01-2009
Type of Restructuring: Business expansion
Employment Effect Start: 01-03-2009
Foreseen End Date: 31-12-2009
Planned Job Creation: 7000

Additional Information

In January 2009, H&M, one of the world largest clothing retailers, announced that it is to create 7,000 new jobs worldwide by the end of 2009. H&M operates in 33 countries and has 73,000 employees worldwide.