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.
Wolseley, a retailer that sells plumbing and building supplies, has announced that it is to close around 200 of its 1700 UK branches with the loss of 2300 jobs. The company attributed the cuts to the slowdown in housebuilding, and stated that the jobs would be cut “in the next few months”. As of 23 October 2008, no further information is available concerning which stores across the UK will close.
Eurofound (2008), Wolseley, Closure in United Kingdom, factsheet number 67427, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67427.