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.
Sofa Workshop, a furniture retailer, has made 120 of its workforce redundant. The company had gone into administration on 22 January 2009 and the administrators found a buyer only for 10 of its 30 stores across the UK. The rest 20 stores and the head office of the company have been closed with immediate effect. The company employed 170 staff, 50 of whom will remain employed under the new owner.
Eurofound (2009), Sofa Workshop, Bankruptcy in United Kingdom, factsheet number 68015, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68015.