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.
The City Pub Group, the British hospitality company has announced that it had started consultations with its employees about plans to cut 250 jobs, a quarter of its workforce, at the end of October, when the UK government’s Coronavirus Job Retention Scheme comes to an end. Jobs in the company’s 11 pubs that have not reopened since the start of the COVID-19 crisis will be affected.
The chief executive said that jobs in the group’s other 37 pubs may also be cut when the impact of the recently introduced restrictions on pubs and restaurants become clear, and added that the government’s new Job Support Scheme was 'not suitable as a mechanism to save jobs in the pub trade'.
The City Pub Group operates 48 pubs in London and the south of England and employed 1,000 employees at the start of the pandemic.
Eurofound (2020), City Pub Group, Internal restructuring in United Kingdom, factsheet number 102208, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102208.
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