Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The Spicerhaart Group, the British estate agency and financial services company, has cut over 300 jobs across the UK with immediate effect in the wake of the Covid-19 outbreak.
The company’s CEO has said that he was sorry about the redundancies, but the company had to take this difficult decision early to save the business and added that some branches are expected to be closed permanently. In so far, the company’s remaining 1,750 employees continue to work from home.
Spicerhaart is the UK’s largest independent estate agency with branches across England and Wales.
Eurofound (2020), Spicerhaart Group, Closure in United Kingdom, factsheet number 100233, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100233.