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.
Pizza Hut, the US-based global pizza restaurant chain has confirmed a company restructure with closing 29 restaurants across the UK, putting 450 jobs at risk of redundancy. The restructure includes an agreement with landlords and creditors to save costs and it is foreseen to save more than 5,000 jobs.
A spokesperson for the company said the restructure provided 'a strong platform' for the long-term future of the business.
Pizza Hut Restaurants had 244 branches and employed 5,700 people in the UK before the COVID-19 pandemic started. All restaurants were closed during the UK’s lockdown in the Spring and the hospitality sector continues to face challenges as local and regional restrictions are being put in place.
Eurofound (2020), Pizza Hut , Closure in United Kingdom, factsheet number 102024, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102024.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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