Type
Internal restructuring
Country
United Kingdom
Region
London; Inner London;
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Goods In Specialised Stores
47.71 - Retail sale of clothing in specialised stores

100 jobs
Number of planned job losses
Job loss
Announcement Date
7 March 2009
Employment effect (start)
7 March 2009
Foreseen end date
7 March 2009

Description

Principles, a clothing retailer, has made 100 staff redundant at its head office in Central London. More jobs are expected to be cut from the chain, which has gone into administration, with administrators planning to close 66 of the company's 85 stores. 2,300 staff are currently employed by the company.


Sources

  • 7 March 2009: BBC News

Citation

Eurofound (2009), Principles, Internal restructuring in United Kingdom, factsheet number 68462, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68462.