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.
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10 - Manufacture of food products
140 jobs Number of planned job losses
Announcement Date
25 November 2008
Employment effect (start)
25 November 2008
Foreseen end date
25 November 2008
Description
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.
Sources
25 November 2008: BBC News
Citation
Eurofound (2008), Firkins Bakery, Closure in United Kingdom, factsheet number 67521, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67521.
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