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.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
800 jobs Number of planned job losses
Announcement Date
14 July 2004
Employment effect (start)
Foreseen end date
Description
Administrators Tenon Recovery took over Fruitful Fundraising (GB), Fruitful Fundraising (HR) and Fruitful Fundraising (Workplace) on 14 July 2004. Cameron Gunn, from the Administrators said that it was unfortunate that they had to make the very difficult decision to make all 800 staff redundant on the day of their appointment. This was because 'there were insufficient funds to pay the arrears [of their wages].'
Sources
26 July 2004: The Guardian
Citation
Eurofound (2004), Fruitful Fundraising, Closure in United Kingdom, factsheet number 60487, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60487.
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