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.
Fashion retailer Pamela Scott announced it will close half of its stores resulting in the possible loss of 104 jobs. The company said the restructuring is due to changes in retail trading, largely as a result of COVID-19. It is hoped that 90 jobs will be saved as a result of the restructuring.
The managing director of Pamela Scott said that Covid-19 impacted the fashion chain's turnover by between 40-70%, resulting in the decision to close 12 of its 24 stores.
Eurofound (2020), Pamela Scott, Closure in Ireland, factsheet number 102178, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102178.