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.
Firkins Bakery, a baker based in the West Midlands, has announced that it has gone into administration with the loss of 140 jobs. The company, which is based in West Bromwich, will close 21 shops immediately. However, the managing director, Ian Bolderston, has announced that he has bought 30 shops from the administrator and will form a new company named Firkin Foods, which will save around 200 jobs. The company blamed the closure on rising supplier prices and the economic downturn.
Eurofound (2008), Firkins Bakery, Closure in United Kingdom, factsheet number 67521, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67521.