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.
Fitzgerald Lighting , a manufacturer of light fittings, has gone into administration with the initial loss of 260 jobs in Bodmin, Cornwall. KPMG, the administrator, later announced that a further 20 people would be made redundant at distribution depots outside of Cornwall, and a further 52 had been made redundant in Bodmin.The company employs 370 people, and the remaining workforce will be kept on in the hope that a buyer can be found.The company attributed its move into administration to the current economic climate.
Eurofound (2008), Fitzgerald Lighting, Closure in United Kingdom, factsheet number 67568, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67568.