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.
East of England; Bedfordshire and Hertfordshire; Luton
Location of affected unit(s)
Luton and Solihull
Sector
Professional Services Professional Services And Management Consultancy Activities Of Head Offices; Management Consultancy Activities 70.10 - Activities of head offices
300 jobs Number of planned job losses
Announcement Date
11 September 2020
Employment effect (start)
1 January 2021
Foreseen end date
Description
Stonegate Pub Company, the British hospitality firm has announced that it is making 300 jobs redundant as part of restructuring following the acquisition of the Ei Group earlier this year. Stonegate’s head office in Luton, Bedfordshire, will move to Solihull, West Midlands, to the Ei Group’s former headquarters. The affected employees are members of the support teams of both companies.
A statement by Stonegate said the restructure aimed to reduce costs and prepare the business for the ‘post-Covid’ era when the hospitality sector gains 'trading momentum'.
Stonegate Pub Company is the largest pub company in the UK, with 4,730 pubs, under several brand names, including Yates and Slug and Lettuce.
Eurofound (2020), Stonegate Pub Company, Internal restructuring in United Kingdom, factsheet number 102029, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102029.
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