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.
A supermarket distribution centre has announced it is to close with the loss of hundreds of jobs. Staff at the Wincanton Logistics depot in Wellingborough, Northants, were told in March they may lose their jobs after the Somerfield Group sold Kwik Save. Wincanton - which runs the depot for Somerfield - said the centre will close by October with the loss of 380 jobs. Wincaton, which distributes goods countrywide, said the sell-off means less volume going through their depot. Transport and General Workers Union (T&G) regional industrial organiser Adrian Jones said: 'We are obviously very disappointed by this announcement'.
'We will be continuing discussions with Wincanton management to save as many jobs as we possibly can'.
Wincanton Logistics employs 27,000 people worldwide.
Eurofound (2006), Wincanton Logistics, Closure in United Kingdom, factsheet number 63450, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63450.