EMCC European Monitoring Centre on Change

Lagardère

Company/Organisation:
Lagardère

Geographic Location

Country: Belgium
Region: Région Bruxelles-Capitale / Brussels Hoofdstedelijke Gewest
Location of affected unit(s): Zaventem

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
Number Employed: 549
Group: Lagardère

Employment Effects

Announcement Date: 08-06-2020
Planned Job Reductions min: 180
Type of Restructuring: Internal restructuring
Employment Effect Start: 08-06-2020

Additional Information

Lagardère, an international retail chain specialised in travel related retail, has announced it will dismiss 180 of its employees in Belgian tax-free stores. The company has 30 stores in Belgium mainly at Brussels airport in Zaventem but some are present at Charleroi airport as well. The main reasoning behind the reorganisation are the losses made because of the current Covid-19 crisis and quasi lockdown. Almost all air travel has been suspended for several weeks during the crisis and with it all travel related purchases, especially in tax-free stores at airports. The company mangement foresees it will take until 2024 in order for the sector to restore back to pre-Covid 19 levels. Trade unions at the company have understanding for the decisions, given the precarious economic context now and in the future. 

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