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.
An amusement park, Wicksteed Park located in Kettering in Northampstonshire has been placed into administration resulting in the loss of 115 jobs, comprised of 48 full-time and 67 part-time and other jobs. The company has gone into administration due to the impact of the Covid-19 pandemic. The park, owned by the Wicksteed Charitable Trust, opened almost a century ago, making it one of the oldest theme parks in the United Kingdom. The costs of running the business were high and if it was to re-open after shutdown restrictions were relaxed, the costs of implementing social distancing measures and reduced footfall wouldn' t have been financially viable.
Eurofound (2020), Wicksteed Park, Bankruptcy in United Kingdom, factsheet number 101268, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101268.