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.
Adams, a retailer, has cut 850 jobs with immediate effect as it has closed 111 of its 271 stores. The childrenswear specialist, which went into administration at the turn of the year, has been affected by reduced consumer spending. The company, which employed 2,350 people at its stores, is attempting to find a buyer for the remaining stores.
Eurofound (2009), Adams, Bankruptcy in United Kingdom, factsheet number 67776, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67776.