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.
Tradeteam, a British drinks distributor has announced plans to close its hub in Tinsley, Sheffield in July, making more than 200 driver and warehouse jobs redundant.
A spokesperson for the company has said that the effect of the COVID-19 crisis on the hospitality sector had reduced the demand for its services and argued that the job cuts were necessary to ensure the long-term sustainability of the business. The activities of the Tinsley hub will be shared between the company's two other distribution centres in the area.
The trade union Unite said the redundancy plans were a “disgrace” and announced that it intends to seek a mandate to proceed to an industrial action ballot at Tradeteam's UK sites
Tradeteam is owned by DHL, the world’s largest logistics company. The Tinsley hub distributes the products of well-known brands such as Carlsberg and Whitbread.
Eurofound (2020), Tradeteam, Closure in United Kingdom, factsheet number 101098, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101098.