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 / Insurance/ Estate 68 - Real estate activities 68 - Real estate activities with own property and development of building projects 68.1 - 68 - Real estate activities with own property and development of building projects
107 jobs Number of planned job losses
Announcement Date
4 July 2008
Employment effect (start)
Foreseen end date
4 July 2008
Description
Construction firm Chase Norton Construction Limited has gone into administration and 107 redundancies have been made. The company was unable to pay staff due to a lack of working capital. The remaining staff are assisting administrators, accountancy firm PricewaterhouseCoopers, with the sale of the business.
Sources
4 July 2008: BBC Website
Citation
Eurofound (2008), Chase Norton Construction, Internal restructuring in United Kingdom, factsheet number 66832, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66832.
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