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.
Vistry Group, the British housebuilding company, formerly known as Bovis Homes, has announced that it will close four of its 17 regional offices in Yorkshire, Exeter, Harefield and Abingdon and cut approximately 250 jobs.
Vistry’s chief operating officer said that the job cuts were part of the restructuring and cost saving plans outlined after the acquisition of another housebuilding business, Linden Homes in January 2020. The COO added that according to the longer term plans, the combined workforce of the two merged companies would be reduced by 8 per cent.
The newly created Vistry Group builds around 10,000 homes annually and directly employs more than 1,300 people across the UK.
Eurofound (2020), Vistry Group, Merger/Acquisition in United Kingdom, factsheet number 101166, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101166.