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.
South East; Berkshire; Buckinghamshire and Oxfordshire
Location of affected unit(s)
Witney
Sector
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.1 - Retail sale in non-specialised stores
100 - 200 jobs Number of planned job losses
Announcement Date
11 January 2006
Employment effect (start)
Foreseen end date
Description
Following its acquisition by Epic Reconstruction plc, Past Times has closed its call centre in Witney, Oxfordshire and declared redundant 100 employees. One hundred more workers are facing the possibility of losing their jobs. A decision on the future of its 95 stores has yet to be made. The remaining 100 employees have been notified that they have been put at risk of redundancy and it is likely that a significant number of these will be retained by the company.
Sources
11 January 2006: BBC News
Citation
Eurofound (2006), Past Times, Merger/Acquisition in United Kingdom, factsheet number 62780, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62780.
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