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.
Bleak conditions on the high street has forced Sunderland-based furniture chain Durham Pine collapsed into administration putting 200 jobs at risk. The 21-year-old retailer, which has 31 outlets will continue to trade while accountants from PricewaterhouseCoopers attempt to find a buyer for the business. The furniture sector has been hit hard by the decline in consumer confidence and the end of the housing market boom.
Eurofound (2005), Durham Pine, Closure in United Kingdom, factsheet number 62413, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62413.